Cowen and Company Analysts Give PVH Corp. (PVH) a $140.00 Price Target
PVH Corp. (NYSE:PVH) has been assigned a $140.00 target price by research analysts at Cowen and Company in a report released on Friday. The brokerage presently has a “buy” rating on the textile maker’s stock. Cowen and Company’s price target points to a potential upside of 15.10% from the company’s previous close.
PVH has been the subject of a number of other research reports. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Thursday, June 22nd. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Buckingham Research restated a “buy” rating and set a $127.00 target price on shares of PVH Corp. in a report on Monday, July 17th. Piper Jaffray Companies set a $120.00 target price on PVH Corp. and gave the company a “buy” rating in a report on Thursday, May 25th. Finally, ValuEngine upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $126.53.
Shares of PVH Corp. (NYSE:PVH) traded up 1.28% on Friday, reaching $123.19. 55,888 shares of the company were exchanged. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $126.11. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 25.47 and a beta of 0.51. The company’s 50-day moving average price is $116.04 and its 200 day moving average price is $102.44.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, equities research analysts expect that PVH Corp. will post $7.52 EPS for the current year.
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In other news, SVP Dana Perlman sold 769 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,627 shares of company stock worth $6,584,743. Insiders own 1.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PVH. Thrivent Financial For Lutherans boosted its stake in PVH Corp. by 25.2% in the second quarter. Thrivent Financial For Lutherans now owns 159,482 shares of the textile maker’s stock worth $18,261,000 after buying an additional 32,094 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in PVH Corp. by 15.7% in the second quarter. Westfield Capital Management Co. LP now owns 222,481 shares of the textile maker’s stock worth $25,474,000 after buying an additional 30,191 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in PVH Corp. by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after buying an additional 107 shares in the last quarter. Profund Advisors LLC bought a new stake in PVH Corp. during the second quarter worth approximately $243,000. Finally, NINE MASTS CAPITAL Ltd boosted its stake in PVH Corp. by 140.0% in the second quarter. NINE MASTS CAPITAL Ltd now owns 3,600 shares of the textile maker’s stock worth $412,000 after buying an additional 2,100 shares in the last quarter. 97.42% of the stock is currently owned by hedge funds and other institutional investors.
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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