PVH Corp. (PVH) PT Set at $135.00 by FBR & Co
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.
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