PVH Corp. Price Target Cut to $138.00 by Analysts at Piper Jaffray Cos. (PVH)
Stock analysts at Piper Jaffray Cos. reduced their target price on shares of PVH Corp. (NYSE:PVH) from $141.00 to $138.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Cos.’s price target points to a potential upside of 19.78% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of PVH Corp. (NYSE:PVH) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 24th. Separately, analysts at Miller Tabak reiterated a “buy” rating on shares of PVH Corp. (NYSE:PVH) in a research note to investors on Thursday, September 12th. Finally, analysts at Citigroup Inc. downgraded shares of PVH Corp. (NYSE:PVH) to a “focus list” rating in a research note to investors on Wednesday, September 11th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. PVH Corp. has a consensus rating of “Buy” and a consensus price target of $136.49.
PVH Corp. (NYSE:PVH) traded down 2.93% during mid-day trading on Tuesday, hitting $115.21. 1,702,049 shares of the company’s stock traded hands. PVH Corp. has a 52 week low of $90.36 and a 52 week high of $134.98. The stock’s 50-day moving average is $126.5 and its 200-day moving average is $120.9. The company has a market cap of $9.398 billion and a P/E ratio of 43.57.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Monday, September 9th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 47.0% on a year-over-year basis. Analysts expect that PVH Corp. will post $7.04 EPS for the current fiscal year.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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