TD Cowen Reiterates Hold Rating for PVH (NYSE:PVH)

PVH (NYSE:PVH - Get Free Report)'s stock had its "hold" rating restated by equities researchers at TD Cowen in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $74.00 price target on the textile maker's stock, down from their prior price target of $98.00. TD Cowen's price target would suggest a potential upside of 0.22% from the company's previous close.

Other analysts have also issued reports about the company. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. BMO Capital Markets reduced their target price on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Thursday, June 5th. Finally, Cowen reaffirmed a "buy" rating on shares of PVH in a report on Friday, June 6th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

PVH Stock Up 1.1%

Shares of NYSE:PVH opened at $73.84 on Wednesday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 1.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The business's 50-day moving average is $73.71 and its 200-day moving average is $78.22. PVH has a 1 year low of $59.28 and a 1 year high of $113.47.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $2.45 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that PVH will post 11.67 earnings per share for the current year.

Insider Activity at PVH

In related news, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the transaction, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jesper Andersen bought 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the transaction, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PVH

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in shares of PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after purchasing an additional 149 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of PVH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after purchasing an additional 152 shares during the period. Assetmark Inc. increased its holdings in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after purchasing an additional 153 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.

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