Are PVH Corp (NYSE: PVH) Analysts Predicting A Spike?

PVH Corp (NYSE:PVH) shares, rose in value on Friday, November 01, without any change to the previous day’s close as strong demand from buyers drove the stock to $98.46.

Actively observing the price movement in the last trading, the stock closed the session at $98.46, falling within a range of $97.17 and $99.025. The value of beta (5-year monthly) was 2.113 whereas the PE ratio was 7.81 over 12-month period. Referring to stock’s 52-week performance, its high was $141.15, and the low was $71.32. On the whole, PVH has fluctuated by 3.77% over the past month.

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With the market capitalization of PVH Corp currently standing at about $5.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-27. The company’s Forward Dividend Ratio is 0.15, with its dividend yield at 0.15%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.62B, with a low estimate of 2.2B and a high estimate of 2.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.22B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PVH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.68, with the price of PVH currently trading nearly 1.37% and 1.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.08, while the 7-day volatility ratio is showing 3.04% which for the 30-day chart, stands at 2.33%. Furthermore, PVH Corp (PVH)’s beta value is 2.11, and its average true range (ATR) is 2.62.

A comparison of PVH Corp (PVH) with its peers suggests the former has fared considerably weaker in the market. PVH showed an intraday change of 0.00% in last session, and over the past year, it grew by 34.93%%.

Data on historical trading for PVH Corp (NYSE:PVH) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 742.76K. According to company’s latest data on outstanding shares, there are 57.63 million shares outstanding.

Nearly 0.78% of PVH Corp’s shares belong to company insiders and institutional investors own 102.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.88 million shares as on 2024-10-15, resulting in a short ratio of 2.49. According to the data, the short interest in PVH Corp (PVH) stood at 532.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.23 million. The stock has fallen by -19.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PVH stock heading into the next quarter.

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