PVH Corp (NYSE:PVH) shares traded up 6.5% during mid-day trading on Monday . The company traded as high as $71.95 and last traded at $71.40. 1,559,812 shares were traded during trading, a decline of 2% from the average session volume of 1,583,734 shares. The stock had previously closed at $67.07.
A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of PVH from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Deutsche Bank upped their target price on PVH from $42.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Zacks Investment Research upgraded PVH from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a research report on Friday, August 21st. Morgan Stanley upped their price objective on shares of PVH from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Finally, Barclays increased their target price on shares of PVH from $51.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.12.
The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $49.84. The company has a market cap of $5.04 billion, a PE ratio of -5.00 and a beta of 2.16.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($2.43) by $2.56. PVH had a negative net margin of 12.40% and a positive return on equity of 3.07%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $2.10 earnings per share. The company’s quarterly revenue was down 33.1% compared to the same quarter last year. Equities analysts expect that PVH Corp will post -3.12 EPS for the current year.
Several institutional investors have recently modified their holdings of PVH. Viking Global Investors LP acquired a new stake in shares of PVH in the second quarter valued at approximately $73,179,000. FMR LLC grew its holdings in PVH by 5.1% in the 2nd quarter. FMR LLC now owns 10,562,654 shares of the textile maker’s stock valued at $507,536,000 after buying an additional 514,263 shares in the last quarter. Channing Capital Management LLC increased its stake in shares of PVH by 595.1% in the 2nd quarter. Channing Capital Management LLC now owns 533,681 shares of the textile maker’s stock worth $25,643,000 after acquiring an additional 456,898 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of PVH by 76.6% during the 1st quarter. Deutsche Bank AG now owns 632,717 shares of the textile maker’s stock worth $23,816,000 after acquiring an additional 274,491 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in shares of PVH during the 2nd quarter worth $11,660,000. Institutional investors and hedge funds own 97.62% of the company’s stock.
About PVH (NYSE:PVH)
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, 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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