PVH (NYSE:PVH) Price Target Raised to $125.00 at Guggenheim

PVH (NYSE:PVH - Get Free Report) had its target price lifted by equities researchers at Guggenheim from $105.00 to $125.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the textile maker's stock. Guggenheim's target price would indicate a potential upside of 16.63% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Morgan Stanley cut their price target on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, September 6th. BMO Capital Markets reduced their target price on PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. Wells Fargo & Company decreased their target price on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 28th. Barclays dropped their price target on PVH from $154.00 to $142.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.87.

PVH Stock Performance

Shares of NYSE:PVH traded down $1.68 during trading on Friday, hitting $107.18. 1,200,872 shares of the company were exchanged, compared to its average volume of 684,510. PVH has a 52-week low of $89.56 and a 52-week high of $141.15. The stock has a 50 day moving average of $100.86 and a 200 day moving average of $103.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The company has a market cap of $5.98 billion, a PE ratio of 8.73, a P/E/G ratio of 1.01 and a beta of 2.10.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.77% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $2.90 EPS. The firm's revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts predict that PVH will post 11.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Voisard Asset Management Group Inc. bought a new stake in shares of PVH in the second quarter worth about $48,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of PVH by 5.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker's stock valued at $506,000 after buying an additional 261 shares during the period. ORG Partners LLC bought a new position in shares of PVH during the second quarter valued at approximately $42,000. Narus Financial Partners LLC purchased a new stake in PVH in the second quarter worth $296,000. Finally, Blue Trust Inc. lifted its stake in PVH by 2,320.9% in the second quarter. Blue Trust Inc. now owns 2,082 shares of the textile maker's stock worth $220,000 after acquiring an additional 1,996 shares during the period. Institutional investors own 97.25% of the company's stock.

PVH Company Profile

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.