Analysis: PVH Corp (NYSE:PVH) Stock Target Has Been Increased Today
In a recent research report issued to clients and investors by Brean Murray on 7 December, the firm, PVH Corp (NYSE:PVH), had their TP lowered to $100.00. Analusts currently have a solid Buy rating on the stock.
From a total of 16 analysts covering PVH Corp (NYSE:PVH) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is $125 while the lowest target price is $78. The mean of all analyst targets is $107.59 with a 42.17% above today’s ($80.11) stock price. PVH Corp was the topic of 18 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Buy” rating. Credit Suisse downgraded PVH stock in a recent report from December 3 to “Neutral” rating. Finally, Piper Jaffray maintained the stock with “Overweight” rating in a report issued on a September 5.
Approximately 472,114 shares of stock traded hands. PVH Corp (NYSE:PVH) has declined 22.56% since May 4, 2015 and is downtrending. It has underperformed by 21.48% the S&P500.
The overall sentiment of institutions has increased to 1.33 in Q2 2015. Its up 0.31, from 1.02 in 2015Q2. The ratio improved, as 44 institutions have sold all the shares of PVH Corp that they owned while 118 funds have taken shares off the table. 47 funds have purchased shares for the first time while 169 added to their positions. These institutions now hold 74.24 million shares or 6.84% less than the 79.70 million shares they owned in 2015Q2.
The Fund Sheffield Asset Management L.L.C. currently is holding shares equating to 11.37% of its total portfolio in PVH Corp representing a total of 763,203 shares. Another fund,Msd Capital L P, is holding a total of 807,018 shares equating to 10.97% of their holdings. Additionally, Lodge Hill Capital Llc has a 195,000 share stake in PVH Corp which represents 4.24% of their total portfolio. The Fund, Hhr Asset Management Llc, based out of New Jersey, has also built up a stake in the stock, which represents a total of 4.11% of their total portfolio. Finally Causeway Capital Management Llc, a fund which is based in the state of California reported a total holdings of 1.33 million shares.
Insider activity is a very important aspect to track on any stock. Going back to June 4, 2014, shareholders of PVH Corp have witnessed 0 buys, and a total of 2 sales equating to a net activity of approximately $283,900 . Fischer Mark D sold 2,290 shares worth approximately $270,220. Maggin Bruce sold 10,000 shares worth approximately $1.14 million.
PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned brands, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J. The company has a market cap of $6.83 billion. Trump Signature Collection, DKNY, Nautica, Ted Baker, J. It has 13.63 P/E ratio. Garcia, Claiborne, Ike Behar, Jones New York and Ryan Seacrest, which are licensed, as well as various other licensed and private label brands.
According to Zacks Investment Research, “PVH Corp. designs and markets branded dress shirts, neckwear, sportswear, footwear and other related products. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. The Company’s portfolio of brands includes its owned brands and its licensed brands. It manages its business through its operating divisions, which consist of five reportable segments: Calvin Klein Licensing, Wholesale Dress Furnishings, Wholesale Sportswear and Related Products, Retail Apparel and Related Products and Retail Footwear and Related Products. PVH Corp., formerly known as Phillips-Van Heusen Corporation, is headquartered in New York, New York.” Get a free copy of the Zacks research report on PVH Corp (PVH).