PVH (NYSE:PVH) Price Target Raised to $103.00 at Barclays

PVH (NYSE:PVH - Get Free Report) had its price objective raised by analysts at Barclays from $98.00 to $103.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the textile maker's stock. Barclays's price objective points to a potential upside of 65.11% from the company's current price.

PVH has been the subject of a number of other research reports. Morgan Stanley cut their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Evercore ISI reduced their target price on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Citigroup reduced their price objective on PVH from $123.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and a consensus target price of $107.13.

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PVH Price Performance

PVH traded down $3.60 on Thursday, hitting $62.38. 1,065,748 shares of the company were exchanged, compared to its average volume of 932,047. The business's fifty day moving average is $74.03 and its 200 day moving average is $91.82. PVH has a fifty-two week low of $61.59 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a market capitalization of $3.47 billion, a P/E ratio of 5.04, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH's quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $3.72 EPS. As a group, sell-side analysts anticipate that PVH will post 11.67 EPS for the current year.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of PVH in the fourth quarter valued at about $53,373,000. Schroder Investment Management Group purchased a new stake in shares of PVH during the 4th quarter valued at about $38,035,000. AQR Capital Management LLC raised its holdings in shares of PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after buying an additional 318,731 shares during the period. Finally, Channing Capital Management LLC lifted its position in PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after acquiring an additional 316,876 shares in the last quarter. Institutional investors and hedge funds 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 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.