Thursday, October 29, 2020

Telsey Advisory Group lifts PVH Corp. [PVH] price estimate. Who else is bullish?

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PVH Corp. [NYSE: PVH] gained 3.11% on the last trading session, reaching $67.05 price per share at the time. The company report on September 2, 2020 that PVH Corp. Reports 2020 Second Quarter Results and Provides Business Update Relating to COVID-19 Pandemic.

PVH Corp. [NYSE: PVH] reported its 2020 second quarter results.

Non-GAAP Amounts:.

PVH Corp. represents 71.40 million in outstanding shares, while the company has a total market value of $4.62 billion with the latest information. PVH stock price has been found in the range of $65.60 to $68.025.

If compared to the average trading volume of 1.52M shares, PVH reached a trading volume of 1406886 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about PVH Corp. [PVH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PVH shares is $63.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PVH stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for PVH Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 04, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for PVH Corp. stock. Previously, the target price had yet another drop from $95 to $30, while RBC Capital Mkts kept a Sector Perform rating on PVH stock. On April 02, 2020, analysts decreased their price target for PVH shares from 115 to 60.

The Average True Range (ATR) for PVH Corp. is set at 2.92, with the Price to Sales ratio for PVH stock in the period of the last 12 months amounting to 0.57. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 11.63. Price to Free Cash Flow for PVH in the course of the last twelve months was 6.95 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for PVH stock

PVH Corp. [PVH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.67. With this latest performance, PVH shares gained by 23.71% in over the last four-week period, additionally plugging by 51.53% over the last 6 months – not to mention a drop of -25.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PVH stock in for the last two-week period is set at 75.20, with the RSI for the last a single of trading hit 79.41, and the three-weeks RSI is set at 69.10 for PVH Corp. [PVH]. The present Moving Average for the last 50 days of trading for this stock 52.14, while it was recorded at 64.60 for the last single week of trading, and 64.19 for the last 200 days.

PVH Corp. [PVH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and PVH Corp. [PVH] shares currently have an operating margin of +5.62 and a Gross Margin at +54.15. PVH Corp.’s Net Margin is presently recorded at +4.21.

Return on Total Capital for PVH is now 5.82, given the latest momentum, and Return on Invested Capital for the company is 4.47. Return on Equity for this stock inclined to 7.17, with Return on Assets sitting at 3.27. When it comes to the capital structure of this company, PVH Corp. [PVH] has a Total Debt to Total Equity ratio set at 80.06. Additionally, PVH Total Debt to Total Capital is recorded at 44.46, with Total Debt to Total Assets ending up at 34.13. Long-Term Debt to Equity for the company is recorded at 72.72, with the Long-Term Debt to Total Capital now at 40.38.

Reflecting on the efficiency of the workforce at the company, PVH Corp. [PVH] managed to generate an average of $19,409 per employee. Receivables Turnover for the company is 12.63 with a Total Asset Turnover recorded at a value of 0.78.PVH Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.40.

PVH Corp. [PVH]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, PVH Corp. posted 3.1/share EPS, while the average EPS was predicted by analysts to be reported at 2.99/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PVH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PVH Corp. go to -5.03%.

An analysis of insider ownership at PVH Corp. [PVH]

There are presently around $4,728 million, in the hands of institutional investors. The top three institutional holders of PVH stocks are: FMR LLC with ownership of 10,562,654, which is approximately 5.118% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 7,843,139 shares of the stock with an approximate value of $525.88 million in PVH stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $416.2 million in PVH stock with ownership of nearly 61.615% of the company’s market capitalization.

Positions in PVH Corp. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 177 institutional holders increased their position in PVH Corp. [NYSE:PVH] by around 10,479,063 shares. Additionally, 223 investors decreased positions by around 10,864,827 shares, while 36 investors held positions by with 49,174,487 shares. The mentioned changes placed institutional holdings at 70,518,377 shares, according to the latest SEC report filing. PVH stock had 70 new institutional investments in for a total of 3,691,525 shares, while 84 institutional investors sold positions of 1,723,697 shares during the same period.

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