PVH (NYSE:PVH) Given New $140.00 Price Target at Guggenheim

PVH (NYSE:PVH) had its price objective upped by investment analysts at Guggenheim from $120.00 to $140.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Guggenheim’s target price would suggest a potential upside of 32.71% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Cowen boosted their price target on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Wells Fargo & Company lowered their price target on PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group raised PVH from a “neutral” rating to a “buy” rating and upped their target price for the company from $99.00 to $126.00 in a research report on Tuesday, December 12th. Finally, UBS Group upped their target price on PVH from $125.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.73.

PVH Stock Down 2.9 %

NYSE:PVH opened at $105.49 on Tuesday. PVH has a 1 year low of $69.27 and a 1 year high of $141.15. 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 has a market cap of $6.29 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.74 and a beta of 2.20. The stock has a 50-day moving average price of $130.42 and a two-hundred day moving average price of $106.86.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. PVH had a return on equity of 12.99% and a net margin of 7.20%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 earnings per share. As a group, equities analysts expect that PVH will post 11.95 earnings per share for the current year.

PVH declared that its board has initiated a share repurchase program on Monday, April 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the textile maker to buy up to 24% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,500 shares of the firm’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 value of $430,500.00. Following the transaction, the executive vice president now owns 27,903 shares of the company’s stock, valued at $3,432,069. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PVH

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