Stock analysts at Sanford C. Bernstein initiated coverage on shares of PVH Corp. (NYSE:PVH) in a report released on Tuesday. The brokerage set a “market perform” rating on the textile maker’s stock.
Several other equities research analysts also recently commented on PVH. UBS AG restated a “buy” rating and issued a $120.00 price target (up previously from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. BidaskClub upgraded shares of PVH Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Cowen and Company set a $140.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a research report on Friday, August 11th. B. Riley restated a “buy” rating and issued a $128.00 price target on shares of PVH Corp. in a research report on Tuesday, May 30th. Finally, Piper Jaffray Companies set a $120.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a research report on Thursday, May 25th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. PVH Corp. presently has an average rating of “Buy” and an average target price of $137.00.
PVH Corp. (NYSE PVH) opened at 129.60 on Tuesday. The firm has a market capitalization of $10.08 billion, a P/E ratio of 24.71 and a beta of 0.46. The firm has a 50-day moving average price of $123.15 and a 200 day moving average price of $107.77. PVH Corp. has a one year low of $84.53 and a one year high of $130.75.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. Equities research analysts anticipate that PVH Corp. will post $7.71 earnings per share for the current year.
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In related news, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction on 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 SEC, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 5,589 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. Insiders have sold a total of 89,950 shares of company stock worth $10,601,025 in the last 90 days. 1.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of PVH. Advisors Asset Management Inc. grew its stake in PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. FNY Partners Fund LP grew its stake in PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the last quarter. Penserra Capital Management LLC grew its stake in PVH Corp. by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the last quarter. Fiduciary Trust Co. acquired a new position in PVH Corp. in the 2nd quarter valued at $138,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in PVH Corp. in the 1st quarter valued at $155,000. Institutional investors and hedge funds own 95.24% of the company’s stock.
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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