PVH Corp. (NYSE:PVH) has been given a $145.00 price objective by equities researchers at Cowen and Company in a research note issued on Wednesday, November 1st. The firm presently has a “buy” rating on the textile maker’s stock. Cowen and Company’s target price suggests a potential upside of 6.33% from the stock’s previous close.
PVH has been the topic of several other reports. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Wednesday, September 20th. Barclays PLC assumed coverage on PVH Corp. in a report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price objective on the stock. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Buckingham Research reissued a “buy” rating and issued a $127.00 price objective on shares of PVH Corp. in a report on Monday, July 17th. Finally, UBS AG reissued a “buy” rating and issued a $140.00 price objective (up from $128.00) on shares of PVH Corp. in a report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $138.71.
Shares of PVH Corp. (NYSE PVH) traded up $3.25 during trading hours on Wednesday, hitting $136.37. The stock had a trading volume of 996,480 shares, compared to its average volume of 1,009,677. PVH Corp. has a 1 year low of $84.53 and a 1 year high of $136.40. The stock has a market capitalization of $10,306.74, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.32 and a beta of 0.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.80.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. research analysts expect that PVH Corp. will post 7.71 EPS for the current fiscal year.
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In other PVH Corp. news, SVP James Holmes sold 851 shares of PVH Corp. stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Fischer sold 5,589 shares of PVH Corp. stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The disclosure for this sale can be found here. Insiders sold 39,307 shares of company stock worth $4,980,787 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of PVH. Ameriprise Financial Inc. raised its holdings in shares of PVH Corp. by 31.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after buying an additional 952,394 shares during the period. Prudential Financial Inc. raised its holdings in shares of PVH Corp. by 154.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock valued at $128,022,000 after buying an additional 679,144 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of PVH Corp. by 136.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after buying an additional 677,096 shares during the period. Renaissance Technologies LLC raised its holdings in shares of PVH Corp. by 153.8% in the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after buying an additional 461,600 shares during the period. Finally, Congress Asset Management Co. MA purchased a new stake in shares of PVH Corp. in the 2nd quarter valued at $47,698,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.
About PVH Corp.
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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