PVH Corp. (PVH) Coverage Initiated at Sanford C. Bernstein

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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