PVH Corp. (PVH) PT Set at $148.00 by Piper Jaffray Companies
PVH Corp. (NYSE:PVH) has been given a $148.00 price target by equities research analysts at Piper Jaffray Companies in a research note issued on Thursday. The brokerage presently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ price target points to a potential upside of 11.18% from the company’s previous close.
Several other brokerages have also issued reports on PVH. Deutsche Bank AG started coverage on PVH Corp. in a research note on Monday, October 23rd. They set a “hold” rating and a $131.00 price target for the company. Sanford C. Bernstein started coverage on PVH Corp. in a report on Tuesday, September 12th. They issued a “market perform” rating and a $142.00 price objective on the stock. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Barclays PLC started coverage on PVH Corp. in a report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price objective on the stock. Finally, Cowen and Company set a $145.00 price objective on PVH Corp. and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. PVH Corp. presently has a consensus rating of “Buy” and an average price target of $138.71.
Shares of PVH Corp. (NYSE:PVH) opened at $133.12 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.80. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $133.47. The stock has a market capitalization of $10,310.00, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.26 and a beta of 0.59.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts forecast that PVH Corp. will post 7.73 EPS for the current year.
In other PVH Corp. news, EVP Mark D. Fischer sold 5,589 shares of PVH Corp. stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Francis K. Duane sold 24,000 shares of PVH Corp. stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The disclosure for this sale can be found here. Over the last ninety days, 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 institutional investors have recently bought and sold shares of PVH. Ameriprise Financial Inc. boosted its position in PVH Corp. 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 acquiring an additional 952,394 shares in the last quarter. Prudential Financial Inc. boosted its position 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 valued at $128,022,000 after acquiring an additional 679,144 shares in the last quarter. Balyasny Asset Management LLC boosted its position 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 valued at $134,407,000 after acquiring an additional 677,096 shares in the last quarter. Renaissance Technologies LLC boosted its position in PVH Corp. 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 acquiring an additional 461,600 shares in the last quarter. Finally, Congress Asset Management Co. MA bought a new stake in PVH Corp. during the 2nd quarter valued at approximately $47,698,000. 96.45% of the stock is currently owned by institutional investors and hedge funds.
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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