Barclays lifts PVH Corp. [PVH] price estimate. Who else is bullish?

PVH Corp. [NYSE: PVH] jumped around 2.61 points on Thursday, while shares priced at $61.12 at the close of the session, up 4.46%. The company report on October 21, 2020 that PVH Corp.-Backed HATCH Signs Commercial Partnership With Industry Leading JOOR to Expand Adoption of Digital In-Showroom Technology.

HATCH, an innovation entity backed by PVH Corp. [NYSE: PVH], owners of TOMMY HILFIGER and Calvin Klein, and JOOR, the world’s leading digital wholesale platform for fashion, beauty and home, announce they have signed a commercial partnership. Per the strategic agreement, the HATCH Digital In-Showroom software will be included in JOOR’s service offering to its customers, accelerating the adoption of the innovative technology among brands. The partnership marks a bold step in HATCH’s vision to digitize wholesale selling, and also supports JOOR’s mission to create one innovative digital ecosystem where all brands and retailers can meet to efficiently and profitably grow their wholesale business.

“We look up to JOOR for their position as an industry leading platform that is transforming the wholesale industry, and are excited that the HATCH Digital In-Showroom technology can play a part in elevating their offering to customers,” said Anne-Christine Polet, SVP, Digital Ventures (HATCH), PVH Europe. “It further demonstrates the value that the HATCH software can bring to the fashion industry.”.

PVH Corp. stock is now -41.87% down from its year-to-date (YTD) trading value. PVH Stock saw the intraday high of $61.745 and lowest of $57.57 per share. The company’s 52-week high price is 108.06, which means current price is +115.21% above from all time high which was touched on 01/08/20.

Compared to the average trading volume of 1.21M shares, PVH reached a trading volume of 2271982 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $67.53 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 2.40. 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.

Barclays have made an estimate for PVH Corp. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 07, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $60 to $70. The new note on the price target was released on September 04, 2020, representing the official price target for PVH Corp. stock. Previously, the target price had yet another raise to $64, while Wells Fargo analysts kept a Equal Weight rating on PVH stock. On April 03, 2020, analysts decreased their price target for PVH shares from 95 to 30.

The Average True Range (ATR) for PVH Corp. is set at 2.88, with the Price to Sales ratio for PVH stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 19.60. Price to Free Cash Flow for PVH in the course of the last twelve months was 6.77 with Quick ratio for the last quarter at 0.90.

How has PVH stock performed recently?

PVH Corp. [PVH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.94. With this latest performance, PVH shares gained by 2.48% in over the last four-week period, additionally plugging by 36.83% over the last 6 months – not to mention a drop of -30.84% 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 48.44, with the RSI for the last a single of trading hit 45.63, and the three-weeks RSI is set at 49.00 for PVH Corp. [PVH]. The present Moving Average for the last 50 days of trading for this stock 62.10, while it was recorded at 61.57 for the last single week of trading, and 57.45 for the last 200 days.

PVH Corp. [PVH]: Deeper insight into the fundamentals

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 0.90 and a Current Ratio set at 1.50.

Earnings analysis for PVH Corp. [PVH]

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 -5.96%.

Insider trade positions for PVH Corp. [PVH]

There are presently around $4,275 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 $479.37 million in PVH stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $379.39 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 160 institutional holders increased their position in PVH Corp. [NYSE:PVH] by around 10,263,535 shares. Additionally, 216 investors decreased positions by around 10,275,010 shares, while 36 investors held positions by with 49,398,416 shares. The mentioned changes placed institutional holdings at 69,936,961 shares, according to the latest SEC report filing. PVH stock had 70 new institutional investments in for a total of 3,750,675 shares, while 77 institutional investors sold positions of 1,512,881 shares during the same period.

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