Barclays Believes PVH (NYSE: PVH) Still Has Room to Grow

By Austin Angelo

Barclays analyst Chethan Mallela maintained a Buy rating on PVH (NYSE: PVH) yesterday and set a price target of $173. The company’s shares closed yesterday at $151.43, close to its 52-week high of $157.96.

According to, Mallela is a 1-star analyst with an average return of -5.0% and a 28.6% success rate. Mallela covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Tapestry Inc, and Michael Kors.

Currently, the analyst consensus on PVH is Strong Buy and the average price target is $171.33, representing a 13.1% upside.

In a report issued on March 23, Guggenheim also maintained a Buy rating on the stock with a $160 price target.

Based on PVH’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $2.5 billion and quarterly net profit of $109 million. In comparison, last year the company earned revenue of $2.11 billion and had a net profit of $101 million.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2018, Steven Shiffman, the President & CEO, Calvin Klein of PVH sold 3,100 shares for a total of $445,656.

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PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. The Calvin Klein North America and Calvin Klein International segments operates in North America; and Europe, Asia, and Brazil respectively. It sells its products under the brand names CALVIN KLEIN 205 W39 NYC, CK Calvin Klein, and CALVIN KLEIN. The Tommy Hilfiger North America and Tommy Hilfiger International segments wholesales in North America; and Europe and China respectively. It consists of Tommy Hilfiger, Hilfiger Denim, Hilfiger Collection, and Tommy Hilfiger Tailored brands. The Heritage Brands Wholesale segment markets its products to department, chain, and specialty stores, digital commerce sites operated by select wholesale partners and pure play digital commerce retailers in North America. The Heritage Brands Retail segment manages retail stores, primarily located in outlet centers throughout the United States and Canada. The company was founded in 1881 and is headquartered in New York, NY.