PVH Corp. (NYSE:PVH) Now Covered by Bank of America Corporation

Equities research analysts at Bank of America Corporation began coverage on shares of PVH Corp. (NYSE:PVH) in a note issued to investors on Thursday, August 3rd, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $146.00 price target on the textile maker’s stock. Bank of America Corporation’s price objective points to a potential upside of 17.59% from the company’s current price.

Other equities research analysts also recently issued reports about the company. B. Riley restated a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a report on Tuesday, May 30th. UBS AG restated a “buy” rating and set a $120.00 price objective (up from $116.00) on shares of PVH Corp. in a report on Thursday, May 25th. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Cowen and Company lifted their price objective on PVH Corp. from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. Finally, Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the stock a “buy” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $126.53.

PVH Corp. (PVH) traded down 0.02% during trading on Thursday, hitting $124.14. 241,459 shares of the company’s stock were exchanged. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $126.11. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 25.66 and a beta of 0.51. The firm has a 50 day moving average price of $117.51 and a 200 day moving average price of $103.41.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $1.50 EPS. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that PVH Corp. will post $7.54 earnings per share for the current year.

In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction of $264,657.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Fischer sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. 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. 1.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock worth $821,815,000 after buying an additional 112,758 shares during the period. BlackRock Inc. raised its position in shares of PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares during the period. State Street Corp raised its position in shares of PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock worth $380,025,000 after buying an additional 61,303 shares during the period. FMR LLC raised its position in shares of PVH Corp. by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after buying an additional 187,588 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of PVH Corp. by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after buying an additional 13,101 shares during the period. Institutional investors own 98.12% of the company’s stock.

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.