PVH (NYSE:PVH) Stock Rating Upgraded by Wedbush

PVH (NYSE:PVH) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $128.00 price target on the textile maker’s stock, up from their previous price target of $113.00. Wedbush’s price target points to a potential upside of 18.99% from the stock’s previous close. Wedbush also issued estimates for PVH’s FY2026 earnings at $12.84 EPS.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group lowered their target price on PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Wells Fargo & Company lowered their target price on PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 2nd. Barclays lowered their price objective on PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. TD Cowen boosted their price objective on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their price objective on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.40.

PVH Price Performance

Shares of NYSE:PVH opened at $107.57 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $127.89 and its two-hundred day simple moving average is $109.12. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The stock has a market cap of $6.21 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.01 and a beta of 2.20.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $2.38 EPS. As a group, analysts forecast that PVH will post 10.9 EPS for the current fiscal year.

PVH declared that its Board of Directors has approved a stock buyback program on Monday, April 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the textile maker to reacquire up to 24% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at PVH

In other news, EVP James Holmes sold 3,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the transaction, the executive vice president now owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its stake in PVH by 20.3% in the first quarter. Raymond James & Associates now owns 19,681 shares of the textile maker’s stock worth $1,508,000 after buying an additional 3,326 shares in the last quarter. HighTower Advisors LLC boosted its stake in PVH by 17.8% in the first quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker’s stock worth $472,000 after buying an additional 930 shares in the last quarter. Citigroup Inc. boosted its stake in PVH by 29.2% in the first quarter. Citigroup Inc. now owns 35,739 shares of the textile maker’s stock worth $2,738,000 after buying an additional 8,081 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in PVH by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock worth $877,000 after buying an additional 226 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in PVH by 21.3% in the first quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker’s stock worth $1,458,000 after buying an additional 3,336 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.