Wells Fargo & Company Forecasts Strong Price Appreciation for PVH (NYSE:PVH) Stock

Key Points

• Wells Fargo & Company has raised its price target for PVH stock from $80.00 to $88.00, indicating a potential upside of 6.70% from its previous close, while maintaining an "equal weight" rating.
• Multiple analysts have adjusted their ratings on PVH, with nine overall rated as a Buy and seven as Hold, leading to a consensus target price of $96.07.
• PVH reported strong quarterly earnings, with $2.52 EPS surpassing consensus estimates of $1.97, alongside a revenue of $2.17 billion which also exceeded expectations.

PVH (NYSE:PVH - Get Free Report) had its price objective upped by stock analysts at Wells Fargo & Company from $80.00 to $88.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the textile maker's stock. Wells Fargo & Company's price objective indicates a potential upside of 6.70% from the stock's previous close.

Several other equities research analysts have also recently commented on PVH. TD Cowen restated a "hold" rating and set a $74.00 price target (down previously from $98.00) on shares of PVH in a research note on Wednesday, July 9th. BMO Capital Markets dropped their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a report on Thursday, June 5th. Bank of America upped their target price on PVH from $76.00 to $88.00 and gave the company a "neutral" rating in a report on Wednesday. UBS Group upped their target price on PVH from $146.00 to $148.00 and gave the company a "buy" rating in a report on Thursday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.07.

PVH Stock Up 0.9%

PVH stock traded up $0.75 during trading on Thursday, hitting $82.48. 284,018 shares of the company's stock were exchanged, compared to its average volume of 1,413,515. The business has a 50-day moving average price of $73.28 and a two-hundred day moving average price of $72.90. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.70 and a beta of 1.84. PVH has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.55. PVH had a return on equity of 11.82% and a net margin of 5.34%.The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the business earned $3.01 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, equities research analysts expect that PVH will post 11.67 EPS for the current year.

Insider Buying and Selling

In other PVH news, CEO Stefan Larsson acquired 15,645 shares of the stock in a transaction on Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the purchase, the chief executive officer directly owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jesper Andersen acquired 600 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the purchase, the director owned 736 shares in the company, valued at $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 owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in PVH by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after acquiring an additional 149 shares in the last quarter. Parallel Advisors LLC raised its stake in PVH by 8.9% during the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after acquiring an additional 162 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in PVH by 9.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after acquiring an additional 170 shares in the last quarter. ProShare Advisors LLC raised its stake in PVH by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker's stock worth $276,000 after acquiring an additional 176 shares in the last quarter. Finally, Comerica Bank raised its stake in PVH by 0.7% during the first quarter. Comerica Bank now owns 24,728 shares of the textile maker's stock worth $1,598,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds 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.

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