PVH Corp. (NYSE:PVH) Given a $143.00 Price Target at Piper Jaffray Companies
PVH Corp. (NYSE:PVH) has been given a $143.00 target price by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 17.12% from the stock’s current price.
Several other equities research analysts have also weighed in on the stock. Bank of America Corporation assumed coverage on shares of PVH Corp. in a report on Thursday. They issued a “buy” rating and a $146.00 target price on the stock. BidaskClub upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Cowen and Company set a $120.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, July 27th. Buckingham Research reiterated a “buy” rating and issued a $127.00 target price on shares of PVH Corp. in a report on Monday, July 17th. Finally, 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 target price on the stock. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $125.47.
PVH Corp. (NYSE PVH) opened at 122.10 on Monday. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $122.75. The company has a market cap of $9.50 billion, a PE ratio of 25.24 and a beta of 0.51. The firm has a 50 day moving average price of $112.65 and a 200 day moving average price of $101.15.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. On average, analysts anticipate that PVH Corp. will post $7.52 earnings per share for the current fiscal year.
In related news, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,627 shares of company stock valued at $6,584,743. 1.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Advisors Asset Management Inc. increased its position in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after buying an additional 204 shares during the period. FNY Partners Fund LP increased its position in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after buying an additional 400 shares during the period. Penserra Capital Management LLC increased its position in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in PVH Corp. during the first quarter worth $155,000. Finally, Financial Architects Inc increased its position in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock worth $166,000 after buying an additional 1,159 shares during the period. 97.42% 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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