PVH Corp. (NYSE:PVH) has been assigned a $135.00 target price by equities researchers at FBR & Co in a report issued on Monday. The firm presently has a “buy” rating on the textile maker’s stock. FBR & Co’s price target indicates a potential upside of 12.44% from the stock’s previous close.

The analysts wrote, “We are reiterating our Buy rating, estimates, and price target of $135 on PVH ahead of what should be a positive 2Q print and ensuing conference call on numerous levels, including domestic market share gains for Calvin Klein and Tommy Hilfiger, strong European and Asian results, and a weakening of the USD, which should all be key positives for PVH. As such, we expect a solid quarter and continued material progress in F2H18.””

Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co raised shares of PVH Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $116.00 to $125.00 in a report on Thursday, May 25th. Credit Suisse Group raised shares of PVH Corp. from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $114.00 to $136.00 in a report on Tuesday, May 30th. BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $120.00 price target on shares of PVH Corp. and gave the stock a “buy” rating in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $126.53.

PVH Corp. (NYSE:PVH) traded down 0.82% during trading on Monday, reaching $120.06. The company’s stock had a trading volume of 898,836 shares. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $126.11. The stock’s 50 day moving average is $118.13 and its 200 day moving average is $104.14. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 24.82 and a beta of 0.51.

PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that PVH Corp. will post $7.54 EPS for the current fiscal year.

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In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven B. Shiffman sold 2,200 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $105.82, for a total transaction of $232,804.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,627 shares of company stock valued at $6,584,743. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of PVH. Advisors Asset Management Inc. raised its stake in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after buying an additional 204 shares in the last quarter. FNY Partners Fund LP raised its stake in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after buying an additional 400 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in PVH Corp. during the second quarter worth $138,000. Penserra Capital Management LLC raised its stake in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in PVH Corp. during the first quarter worth $155,000. Institutional investors own 98.12% of the company’s stock.

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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