PVH Corp (PVH) Receives $148.26 Average PT from Analysts
Shares of PVH Corp (NYSE:PVH) have been given a consensus recommendation of “Buy” by the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $144.68.
PVH has been the topic of a number of recent research reports. Wells Fargo & Co dropped their target price on PVH from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Buckingham Research dropped their target price on PVH from $176.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. Royal Bank of Canada initiated coverage on PVH in a report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 target price on the stock. CL King raised PVH from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Finally, DA Davidson boosted their target price on PVH to $134.00 and gave the company a “buy” rating in a report on Monday, December 3rd.
Shares of NYSE:PVH traded down $1.48 during trading on Friday, reaching $107.21. The company had a trading volume of 1,444,933 shares, compared to its average volume of 973,128. The firm has a market cap of $8.23 billion, a P/E ratio of 13.50, a PEG ratio of 0.83 and a beta of 1.08. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH has a fifty-two week low of $86.46 and a fifty-two week high of $169.22.
Several institutional investors have recently bought and sold shares of the stock. Van Leeuwen & Company LLC boosted its stake in shares of PVH by 27.4% in the fourth quarter. Van Leeuwen & Company LLC now owns 3,177 shares of the textile maker’s stock valued at $295,000 after buying an additional 683 shares in the last quarter. Norges Bank purchased a new stake in shares of PVH in the fourth quarter valued at approximately $76,331,000. FMR LLC boosted its stake in shares of PVH by 6.0% in the fourth quarter. FMR LLC now owns 6,756,096 shares of the textile maker’s stock valued at $627,978,000 after buying an additional 384,943 shares in the last quarter. Delphi Management Inc. MA boosted its position in PVH by 112.0% during the fourth quarter. Delphi Management Inc. MA now owns 15,822 shares of the textile maker’s stock worth $1,471,000 after purchasing an additional 8,360 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in PVH by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 66,455 shares of the textile maker’s stock worth $6,180,000 after purchasing an additional 12,275 shares in the last quarter. Hedge funds and other institutional investors own 94.14% of the company’s stock.
PVH Company Profile
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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