PVH Corp. (NYSE:PVH) has been assigned a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $98.76.
A number of research analysts recently commented on the company. UBS Group raised their price target on PVH from $132.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. They noted that the move was a valuation call. Morgan Stanley raised their price target on PVH from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft decreased their price target on PVH from $107.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, April 1st. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on PVH from $105.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, April 1st. Finally, Royal Bank of Canada raised their price target on PVH from $90.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 1st.
PVH stock traded down $0.51 during trading hours on Thursday, hitting $116.13. 21,304 shares of the stock were exchanged, compared to its average volume of 1,029,590. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $8.26 billion, a P/E ratio of -7.19 and a beta of 2.33. The company has a 50-day simple moving average of $105.86 and a two-hundred day simple moving average of $92.44. PVH has a 12 month low of $36.34 and a 12 month high of $117.20.
In other news, Director Joseph B. Fuller sold 22,940 shares of the company’s stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $104.35, for a total value of $2,393,789.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dana Perlman sold 3,733 shares of the company’s stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of $109.60, for a total value of $409,136.80. The disclosure for this sale can be found here. Insiders sold 40,065 shares of company stock valued at $4,262,284 in the last ninety days. 1.70% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in PVH. Regent Peak Wealth Advisors LLC acquired a new stake in PVH during the 4th quarter valued at approximately $27,000. Infini Master Fund acquired a new stake in PVH during the 4th quarter valued at approximately $38,000. Daiwa Securities Group Inc. increased its position in PVH by 85.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 411 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 189 shares during the period. Chiron Capital Management LLC acquired a new stake in PVH during the 3rd quarter valued at approximately $48,000. Finally, Exchange Traded Concepts LLC grew its position in shares of PVH by 184.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 470 shares of the textile maker’s stock worth $50,000 after buying an additional 305 shares during the period. 96.70% of the stock is owned by institutional investors and hedge funds.
PVH Corp. operates as an apparel company worldwide. 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, including 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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