Citigroup Inc. Increases PVH Corp. (PVH) Price Target to $148.00
PVH Corp. (NYSE:PVH) had its price target raised by Citigroup Inc. from $125.00 to $148.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the textile maker’s stock. Citigroup Inc.’s target price indicates a potential upside of 17.55% from the company’s previous close.
PVH has been the topic of several other reports. Credit Suisse Group set a $149.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday. Bank of America Corporation started coverage on shares of PVH Corp. in a report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price on the stock. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Cowen and Company set a $120.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $137.00.
PVH Corp. (NYSE PVH) opened at 125.90 on Friday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 24.01 and a beta of 0.51. PVH Corp. has a one year low of $84.53 and a one year high of $130.25. The firm has a 50 day moving average of $119.13 and a 200-day moving average of $104.92.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. Equities research analysts forecast that PVH Corp. will post $7.66 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Citigroup Inc. Increases PVH Corp. (PVH) Price Target to $148.00” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://theolympiareport.com/2017/08/27/citigroup-inc-increases-pvh-corp-pvh-price-target-to-148-00.html.
In related news, EVP Mark D. Fischer sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The disclosure for this sale can be found here. Insiders sold 57,130 shares of company stock valued at $6,320,086 over the last three months. 1.30% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock valued at $821,815,000 after buying an additional 112,758 shares in the last quarter. BlackRock Inc. boosted its position in PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock valued at $526,711,000 after buying an additional 4,926,341 shares in the last quarter. State Street Corp boosted its position in PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock valued at $380,025,000 after buying an additional 61,303 shares in the last quarter. FMR LLC boosted its position in PVH Corp. by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock valued at $410,796,000 after buying an additional 187,588 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in PVH Corp. by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock valued at $368,576,000 after buying an additional 13,101 shares in the last quarter. 98.12% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.