PVH Corp. (PVH) Given a $145.00 Price Target by Cowen and Company Analysts

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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