PVH (NYSE:PVH) Price Target Increased to $140.00 by Analysts at Guggenheim

PVH (NYSE:PVHFree Report) had its price objective increased by Guggenheim from $120.00 to $140.00 in a report released on Tuesday morning, Benzinga reports. Guggenheim currently has a buy rating on the textile maker’s stock.

A number of other brokerages have also recently commented on PVH. Wells Fargo & Company dropped their price objective on shares of PVH from $150.00 to $138.00 and set an overweight rating for the company in a research note on Tuesday. The Goldman Sachs Group raised shares of PVH from a neutral rating to a buy rating and lifted their price target for the stock from $99.00 to $126.00 in a research note on Tuesday, December 12th. Telsey Advisory Group reaffirmed an outperform rating and set a $155.00 price target on shares of PVH in a research note on Tuesday. UBS Group lifted their price target on shares of PVH from $125.00 to $158.00 and gave the stock a buy rating in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PVH from $165.00 to $146.00 and set an overweight rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has an average rating of Moderate Buy and an average price target of $121.86.

View Our Latest Report on PVH

PVH Stock Performance

Shares of NYSE:PVH opened at $108.68 on Tuesday. PVH has a 52 week low of $69.27 and a 52 week high of $141.15. The stock has a market capitalization of $6.48 billion, a P/E ratio of 12.82, a PEG ratio of 0.75 and a beta of 2.20. The firm has a fifty day simple moving average of $130.67 and a two-hundred day simple moving average of $106.87. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVHGet Free Report) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 5.76% and a return on equity of 11.63%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the company posted $2.38 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, analysts expect that PVH will post 10.48 earnings per share for the current fiscal year.

PVH announced that its board has approved a stock repurchase plan on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s payout ratio is 1.77%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total transaction of $430,500.00. Following the completion of the transaction, the executive vice president now owns 27,903 shares in the company, valued at approximately $3,432,069. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Raymond James & Associates grew its position in PVH by 20.3% during the 1st quarter. Raymond James & Associates now owns 19,681 shares of the textile maker’s stock worth $1,508,000 after purchasing an additional 3,326 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of PVH by 17.8% in the 1st quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker’s stock valued at $472,000 after acquiring an additional 930 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of PVH by 29.2% in the 1st quarter. Citigroup Inc. now owns 35,739 shares of the textile maker’s stock valued at $2,738,000 after acquiring an additional 8,081 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of PVH by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock valued at $877,000 after purchasing an additional 226 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of PVH by 21.3% in the 1st quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker’s stock valued at $1,458,000 after purchasing an additional 3,336 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Company Profile

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PVH Corp. operates as an apparel company in the United States and internationally. 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, include 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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Analyst Recommendations for PVH (NYSE:PVH)

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