B. Riley Begins Coverage on PVH (PVH)

B. Riley started coverage on shares of PVH (NYSE:PVH) in a research note issued on Friday. The brokerage set a “buy” rating on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank initiated coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target on the stock. Cowen set a $145.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Piper Jaffray Companies set a $148.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Citigroup upped their price target on shares of PVH from $125.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $143.94.

PVH (NYSE PVH) opened at $135.61 on Friday. The stock has a market cap of $10,433.16, a PE ratio of 17.87, a P/E/G ratio of 1.33 and a beta of 0.61. PVH has a one year low of $84.53 and a one year high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. PVH’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.60 EPS. analysts expect that PVH will post 7.81 earnings per share for the current year.

In other news, SVP James Holmes sold 2,552 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.85, for a total transaction of $346,689.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The disclosure for this sale can be found here. In the last three months, insiders sold 375,199 shares of company stock valued at $49,749,053. 1.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVH. Ameriprise Financial Inc. increased its position in shares of PVH by 31.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares during the last quarter. Prudential Financial Inc. increased its position in shares of PVH by 154.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock valued at $128,022,000 after purchasing an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of PVH by 136.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after purchasing an additional 677,096 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of PVH by 153.8% during the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after purchasing an additional 461,600 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of PVH by 548.0% during the 2nd quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock valued at $34,043,000 after purchasing an additional 251,424 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

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PVH 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.