Wall Street Zen Upgrades PVH (NYSE:PVH) to "Buy"

Key Points

• Wall Street Zen upgraded PVH from “hold” to “buy”, adding to a mixed but generally neutral analyst picture for the stock.
• PVH recently reported strong quarterly results, posting EPS of $3.82 versus expectations of $3.30 and revenue of $2.51 billion, which topped estimates and rose 5.6% year over year.
• The stock was trading at $89.48, near its 52-week range of $59.60 to $100.15; analysts currently show a consensus rating of Hold with an average price target of $88.93.

PVH (NYSE:PVH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

A number of other research analysts have also issued reports on the company. Weiss Ratings upgraded PVH from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday. Telsey Advisory Group reissued a "market perform" rating and issued a $74.00 price target on shares of PVH in a report on Wednesday, April 1st. Jefferies Financial Group reduced their price objective on shares of PVH from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, January 27th. The Goldman Sachs Group increased their price objective on shares of PVH from $83.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. Finally, UBS Group dropped their target price on shares of PVH from $148.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $88.93.

PVH Price Performance

Shares of PVH stock opened at $89.48 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. PVH has a twelve month low of $59.60 and a twelve month high of $100.15. The business has a 50-day moving average price of $77.17 and a 200 day moving average price of $74.06. The firm has a market cap of $4.10 billion, a PE ratio of 235.49, a P/E/G ratio of 0.98 and a beta of 1.73.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business posted $3.27 earnings per share. PVH's revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts predict that PVH will post 12.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PVH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lingohr Asset Management GmbH acquired a new position in PVH during the third quarter worth about $4,311,000. Strengthening Families & Communities LLC purchased a new stake in PVH during the 3rd quarter valued at about $2,620,000. Allianz Asset Management GmbH raised its holdings in PVH by 51.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 311,555 shares of the textile maker's stock valued at $26,099,000 after acquiring an additional 106,262 shares during the last quarter. LSV Asset Management raised its holdings in PVH by 47.8% in the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker's stock valued at $164,466,000 after acquiring an additional 634,887 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in PVH by 4.8% in the 3rd quarter. Federated Hermes Inc. now owns 294,604 shares of the textile maker's stock worth $24,679,000 after purchasing an additional 13,455 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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