PVH Corp. Receives Average Recommendation of “Buy” from Analysts (NYSE:PVH)
Shares of PVH Corp. (NYSE:PVH) have received a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, AmericanBankingNews.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $142.99.
A number of research firms have recently commented on PVH. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of PVH Corp. in a research note to investors on Tuesday, January 28th. They now have a $150.00 price target on the stock, down previously from $154.00. Separately, analysts at McLean Capital Management downgraded shares of PVH Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, January 24th.
PVH Corp. (NYSE:PVH) traded down 1.96% on Monday, hitting $119.47. The stock had a trading volume of 342,175 shares. PVH Corp. has a one year low of $102.72 and a one year high of $138.94. The stock’s 50-day moving average is $127.4 and its 200-day moving average is $127.2. The company has a market cap of $9.751 billion and a P/E ratio of 40.58.
PVH Corp. (NYSE:PVH) last announced its earnings results on Tuesday, December 10th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company’s revenue for the quarter was up 37.5% on a year-over-year basis. On average, analysts predict that PVH Corp. will post $7.02 earnings per share for the current fiscal year.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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