PVH Corp. (NYSE:PVH) Receives Consensus Rating of “Buy” from Brokerages
Shares of PVH Corp. (NYSE:PVH) have been given a consensus recommendation of “Buy” by the twenty-one brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $123.06.
Several research firms recently weighed in on PVH. UBS AG restated a “buy” rating and issued a $120.00 price target (up previously from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. B. Riley restated a “buy” rating and issued a $125.00 price target on shares of PVH Corp. in a research note on Sunday, April 9th. FBR & Co began coverage on PVH Corp. in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $135.00 price target on the stock. BidaskClub downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Buckingham Research restated a “buy” rating and issued a $127.00 price target on shares of PVH Corp. in a research note on Monday, July 17th.
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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 transaction of $88,258.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction on Thursday, July 6th. The shares were 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. Insiders have sold a total of 59,627 shares of company stock worth $6,584,743 over the last three months. Insiders own 1.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in PVH Corp. during the first quarter valued at $996,000. Quotient Investors LLC purchased a new position in PVH Corp. during the first quarter valued at $466,000. Quantitative Systematic Strategies LLC purchased a new position in PVH Corp. during the first quarter valued at $1,743,000. Regentatlantic Capital LLC boosted its position in PVH Corp. by 25.3% in the first quarter. Regentatlantic Capital LLC now owns 32,565 shares of the textile maker’s stock valued at $3,370,000 after buying an additional 6,565 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in PVH Corp. by 109.3% in the first quarter. Bank of Montreal Can now owns 56,385 shares of the textile maker’s stock valued at $5,835,000 after buying an additional 29,449 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
PVH Corp. (NYSE PVH) opened at 116.98 on Monday. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $117.67. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 24.18 and a beta of 0.50. The stock has a 50 day moving average price of $109.51 and a 200-day moving average price of $99.55.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion for 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 EPS. On average, analysts predict that PVH Corp. will post $7.51 EPS for the current fiscal year.
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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