PVH (NYSE:PVH) Rating Lowered to Positive at OTR Global

PVH (NYSE:PVHGet Rating) was downgraded by equities research analysts at OTR Global to a “positive” rating in a research note issued on Wednesday, The Fly reports.

Several other research analysts have also recently commented on the company. Zacks Investment Research cut PVH from a “hold” rating to a “sell” rating and set a $89.00 target price for the company. in a research report on Monday, March 28th. Credit Suisse Group raised their target price on PVH from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Bank of America raised their target price on PVH from $136.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, February 17th. Citigroup dropped their price objective on PVH from $105.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday, March 31st. Finally, StockNews.com initiated coverage on PVH in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.29.

Shares of PVH traded down $1.59 during mid-day trading on Wednesday, hitting $71.42. The company’s stock had a trading volume of 23,330 shares, compared to its average volume of 1,467,943. PVH has a one year low of $66.10 and a one year high of $125.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.83 and a current ratio of 1.31. The firm has a market capitalization of $4.86 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 1.35 and a beta of 2.07. The stock’s 50-day moving average is $79.33 and its two-hundred day moving average is $96.45.

PVH (NYSE:PVHGet Rating) last issued its earnings results on Tuesday, March 29th. The textile maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.00 by $0.84. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.38 billion. PVH had a return on equity of 14.34% and a net margin of 10.40%. PVH’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business earned ($0.38) earnings per share. Analysts expect that PVH will post 8.96 EPS for the current fiscal year.

In related news, EVP Dana Perlman sold 455 shares of PVH stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $80.50, for a total value of $36,627.50. Following the completion of the sale, the executive vice president now directly owns 16,409 shares in the company, valued at $1,320,924.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in PVH by 0.4% in the third quarter. Arizona State Retirement System now owns 19,412 shares of the textile maker’s stock worth $1,995,000 after purchasing an additional 85 shares during the period. Boston Partners boosted its holdings in PVH by 0.4% during the third quarter. Boston Partners now owns 24,282 shares of the textile maker’s stock worth $2,496,000 after buying an additional 96 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in PVH by 1.7% during the third quarter. Securian Asset Management Inc. now owns 5,855 shares of the textile maker’s stock worth $602,000 after buying an additional 100 shares during the last quarter. HighTower Advisors LLC boosted its holdings in PVH by 3.2% during the third quarter. HighTower Advisors LLC now owns 3,213 shares of the textile maker’s stock worth $331,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in PVH by 2.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 4,500 shares of the textile maker’s stock worth $480,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About PVH (Get Rating)

PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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