Deutsche Bank AG assumed coverage on shares of PVH Corp. (NYSE:PVH) in a report released on Monday. The firm set a “hold” rating and a $131.00 price target on the textile maker’s stock. Deutsche Bank AG’s target price points to a potential upside of 1.02% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. UBS AG restated a “buy” rating and issued a $128.00 price objective (up previously from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. Credit Suisse Group set a $136.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a research note on Friday, August 18th. Sanford C. Bernstein assumed coverage on shares of PVH Corp. in a research note on Tuesday, September 12th. They issued a “market perform” rating and a $142.00 price objective for the company. Cowen and Company set a $140.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub cut shares of PVH Corp. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. PVH Corp. has a consensus rating of “Buy” and a consensus target price of $138.71.

PVH Corp. (PVH) traded up 1.07% on Monday, hitting $129.68. 1,051,273 shares of the stock traded hands. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $133.24. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 24.73 and a beta of 0.46. The stock has a 50-day moving average of $126.68 and a 200-day moving average of $114.25.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the company posted $1.47 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Analysts forecast that PVH Corp. will post $7.72 earnings per share for the current year.

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In other PVH Corp. news, SVP James Holmes sold 851 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total transaction of $108,068.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Fischer sold 5,589 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,307 shares of company stock worth $4,980,787. Insiders own 1.30% of the company’s stock.

A number of large investors have recently modified their holdings of PVH. Prudential Financial Inc. grew its holdings in PVH Corp. by 154.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after acquiring an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC grew its holdings in PVH Corp. by 136.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after acquiring an additional 677,096 shares during the last quarter. Renaissance Technologies LLC grew its holdings in PVH Corp. by 153.8% during the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after acquiring an additional 461,600 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in PVH Corp. during the 2nd quarter worth about $47,698,000. Finally, Ameriprise Financial Inc. grew its holdings in PVH Corp. by 14.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,074,193 shares of the textile maker’s stock worth $352,005,000 after acquiring an additional 381,336 shares during the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

About PVH Corp.

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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