PVH's (PVH) Outperform Rating Reaffirmed at Telsey Advisory Group

PVH (NYSE:PVH - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $90.00 target price on the textile maker's stock. Telsey Advisory Group's price objective suggests a potential upside of 37.49% from the stock's previous close. Telsey Advisory Group also issued estimates for PVH's FY2027 earnings at $14.57 EPS.

Other analysts have also recently issued reports about the company. Evercore ISI dropped their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and raised their price target for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.53.

PVH Stock Down 1.3%

NYSE PVH traded down $0.84 on Thursday, reaching $65.46. The stock had a trading volume of 4,163,869 shares, compared to its average volume of 1,068,819. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 5.33, a P/E/G ratio of 0.77 and a beta of 1.89. The business has a 50 day moving average price of $74.89 and a 200 day moving average price of $84.77. PVH has a 1 year low of $59.28 and a 1 year high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS. On average, analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently made changes to their positions in the company. First Hawaiian Bank lifted its stake in shares of PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker's stock worth $348,000 after purchasing an additional 205 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker's stock valued at $22,873,000 after buying an additional 30,077 shares during the period. Optimize Financial Inc increased its position in PVH by 82.9% during the 1st quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker's stock valued at $653,000 after purchasing an additional 4,576 shares during the period. United Services Automobile Association bought a new position in PVH in the first quarter worth about $240,000. Finally, Caxton Associates LLP acquired a new position in PVH during the 1st quarter valued at approximately $226,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

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.