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.
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