PVH Corp. (PVH) Rating Reiterated by Buckingham Research

Buckingham Research reissued their buy rating on shares of PVH Corp. (NYSE:PVH) in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $127.00 price target on the textile maker’s stock.

A number of other equities analysts have also weighed in on PVH. UBS AG lifted their price target on shares of PVH Corp. from $112.00 to $116.00 and gave the company a buy rating in a report on Thursday, March 23rd. FBR & Co assumed coverage on shares of PVH Corp. in a report on Tuesday, July 11th. They issued an outperform rating and a $135.00 price target on the stock. BidaskClub lowered shares of PVH Corp. from a buy rating to a hold rating in a report on Wednesday, July 12th. B. Riley reiterated a buy rating and issued a $125.00 price target on shares of PVH Corp. in a report on Sunday, April 9th. Finally, Piper Jaffray Companies set a $120.00 price target on shares of PVH Corp. and gave the company a buy rating in a report on Thursday, May 25th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. PVH Corp. currently has an average rating of Buy and a consensus target price of $123.06.

Shares of PVH Corp. (PVH) traded up 0.19% during mid-day trading on Monday, reaching $115.97. The company’s stock had a trading volume of 108,335 shares. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $116.33. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 23.98 and a beta of 0.51. The firm’s 50 day moving average price is $109.51 and its 200-day moving average price is $99.55.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $1.50 EPS. On average, analysts predict that PVH Corp. will post $7.51 EPS for the current year.

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In other news, COO Michael A. Shaffer sold 45,525 shares of PVH Corp. stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $111.37, for a total value of $5,070,119.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock valued at $6,584,743 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock valued at $526,711,000 after buying an additional 4,926,341 shares during the period. Ameriprise Financial Inc. raised its position in PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock worth $278,637,000 after buying an additional 393,500 shares during the last quarter. Credit Agricole S A raised its position in PVH Corp. by 104.7% in the first quarter. Credit Agricole S A now owns 763,289 shares of the textile maker’s stock worth $78,977,000 after buying an additional 390,419 shares during the last quarter. Highbridge Capital Management LLC raised its position in PVH Corp. by 112,735.7% in the fourth quarter. Highbridge Capital Management LLC now owns 337,907 shares of the textile maker’s stock worth $30,492,000 after buying an additional 338,207 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in PVH Corp. by 14.8% in the first quarter. Bank of New York Mellon Corp now owns 1,590,433 shares of the textile maker’s stock worth $164,563,000 after buying an additional 204,936 shares during the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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