Are Analysts Expecting A Better 2020 For PVH Corp. (PVH)?

The Vanguard Group, Inc. has recently announced that it has increased stake in PVH Corp. (NYSE:PVH) by 0.74%. After grabbing 6.35 million shares, the institutional investor is now in possession of 46735.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.12% having worth around $544.72 million. Moreover, Fidelity Management & Research Co increased its share by 1.15 million to have a control over 3.93 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.45 million shares by acquiring 1.9 million shares or 3.03% of the stake.

PVH Corp. (PVH) concluded trading on 05/24/23 at a closing price of $85.51, with 1.17 million shares of worth about $100.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.55% during that period and on Wednesday the price saw a gain of about 2.16%. Currently the company’s common shares owned by public are about 63.30M shares, out of which, 62.08M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the PVH stock and their offered price forecasts bring an average price target of $95.53. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $115.00 and could fall to a lowest price of $75.00. The stock’s current price level is 10.19% above of average price target set by the analysts, while a rise to estimated low would result in loss of -14.01% for the stock. However, touching the estimated high of $115.00 would mean a gain of 25.64% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 57 times over the past 12 months. They bought 178,080 shares in 23 of the transactions. In 34 selling transactions, insiders dumped 59,011 shares.

iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in PVH Corp. iShares Core S&P Mid Cap ETF is currently holding 1.98 million shares of worth totaling $169.69 million. The company recently came buying 7063.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 9564.0 shares, after which its hold over company’s outstanding shares expand to 3.15%, leaving 1.98 million shares with the mutual fund that have a worth of about $169.63 million. Vanguard Small Cap Index Fund, after selling 1.66 million shares, have now control over 2.64% of the stake in the company. It holds 408.0 shares of worth $142.26 million.

PVH Corp. (NYSE: PVH) started trading at $83.60, below -$0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 85.71, or with a gain of 2.16%. Stock saw a price change of 0.28% in past 5 days and over the past one month there was a price change of 2.63%. Year-to-date (YTD), PVH shares are showing a performance of 21.14% which increased to 33.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.49 but also hit the highest price of $94.51 during that period. The average intraday trading volume for PVH Corp. shares is 952.62K. The stock is currently trading 2.10% above its 20-day simple moving average (SMA20), while that difference is up 3.13% for SMA50 and it goes to 20.59% higher than SMA200.

The Vanguard Group, Inc. acquired 6.35 million shares of PVH Corp. having value of about $544.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 46735.0 shares in the company valued at close to $3996309.85, or have control over 0.74% stake in the company. PVH Corp. (NYSE: PVH) currently have 63.30M outstanding shares and institutions hold larger chunk of about 100.00% of that. Holding of mutual funds in the company is about 50.87% while other institutional holders and individual stake holders have control over 52.72% and 1.12% of the stake respectively.

The stock has a current market capitalization of $5.46B and its 3Y-monthly beta is at 2.10. PE ratio of stock for trailing 12 months is 28.98, while it has posted earnings per share of $2.95 in the same period. Its PEG reads 2.70 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PVH, volatility over the week remained 2.94% while standing at 2.90% over the month.

Analysts are in expectations that PVH Corp. (PVH) stock would likely to be making an EPS of $1.93 in the current quarter, while forecast for next quarter EPS is $2.26 and it is $11.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.83 which is $2.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.94 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -77.10% while it is estimated to increase by 12.44% in next year. EPS is likely to grow at an annualized rate of 10.72% for next 5-years, compared to annual growth of -13.30% made by the stock over the past 5-years.

Analysts at 17 brokerage firms have issued recommendations for the PVH Corp. (PVH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 17 Wall Street analysts, 5 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.