PVH Corp Reaches New 1-Year Low at $107.50 (PVH)
Shares of PVH Corp (NYSE:PVH) hit a new 52-week low during mid-day trading on Friday , American Banking News.com reports. The company traded as low as $107.50 and last traded at $107.53, with a volume of 652,603 shares trading hands. The stock had previously closed at $110.18.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of PVH Corp in a research note on Thursday, July 24th. They now have a $117.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of PVH Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $80.00 price target on the stock, up previously from $1.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PVH Corp in a research note on Wednesday, June 11th. They now have a $128.00 price target on the stock, down previously from $131.00. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. PVH Corp presently has an average rating of “Buy” and a consensus target price of $138.90.
The stock’s 50-day moving average is $114.5 and its 200-day moving average is $121.6. The company has a market cap of $8.893 billion and a price-to-earnings ratio of 48.67.
PVH Corp (NYSE:PVH) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.49 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that PVH Corp will post $7.39 earnings per share for the current fiscal year.
PVH Corp., is an apparel company. The Company’s portfolio of brands includes Calvin Klein, Tommy Hilfiger brands, Van Heusen, IZOD, Bass, ARROW and Eagle, which are owned brands, and Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, JOE Joseph Abboud, MICHAEL Michael Kors, Michael Kors Collection, CHAPS, Donald J.
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