PVH's (PVH) "Hold" Rating Reaffirmed at TD Cowen

PVH (NYSE:PVH - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at TD Cowen in a report issued on Wednesday, MarketBeat reports. They presently have a $74.00 target price on the textile maker's stock, down from their previous target price of $98.00. TD Cowen's target price points to a potential downside of 0.69% from the stock's previous close.

PVH has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Morgan Stanley decreased their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. Wells Fargo & Company decreased their price target on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Thursday, June 5th. Finally, Bank of America decreased their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $94.20.

PVH Stock Up 2.7%

NYSE:PVH traded up $1.93 during midday trading on Wednesday, reaching $74.52. 388,866 shares of the stock traded hands, compared to its average volume of 1,500,228. PVH has a 12-month low of $59.28 and a 12-month high of $113.47. The business has a 50-day moving average of $73.78 and a two-hundred day moving average of $78.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The stock has a market capitalization of $3.58 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.52 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last posted 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 net margin of 4.63% and a return on equity of 12.66%. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. PVH's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that PVH will post 11.67 earnings per share for the current fiscal year.

Insider Activity

In other PVH news, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the transaction, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jesper Andersen bought 600 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This trade 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 company insiders.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in PVH by 2.3% in the 1st 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 in the last quarter. Treasurer of the State of North Carolina lifted its stake in PVH by 0.6% in the 4th 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in PVH by 0.5% in the 4th 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 in the last quarter. Assetmark Inc. lifted its stake in PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after purchasing an additional 153 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of PVH by 11.0% during the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after buying an additional 156 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Company Profile

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.