PVH Corp. (NYSE:PVH) has been given a $135.00 price target by equities researchers at FBR & Co in a report released on Monday. The firm presently has a “buy” rating on the textile maker’s stock. FBR & Co’s price objective points to a potential upside of 12.20% from the stock’s previous close.
The analysts wrote, “We are reiterating our Buy rating, estimates, and price target of $135 on PVH ahead of what should be a positive 2Q print and ensuing conference call on numerous levels, including domestic market share gains for Calvin Klein and Tommy Hilfiger, strong European and Asian results, and a weakening of the USD, which should all be key positives for PVH. As such, we expect a solid quarter and continued material progress in F2H18.””
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, May 16th. Citigroup Inc. upped their price objective on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. B. Riley reiterated a “buy” rating and issued a $128.00 price objective on shares of PVH Corp. in a research report on Sunday, June 4th. UBS AG reissued a “buy” rating and set a $120.00 target price (up previously from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. Finally, Piper Jaffray Companies set a $120.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Thursday, May 25th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $126.53.
Shares of PVH Corp. (NYSE:PVH) opened at 120.32 on Monday. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $126.11. The firm has a 50-day moving average price of $118.13 and a 200-day moving average price of $104.14. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 24.87 and a beta of 0.51.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, equities analysts anticipate that PVH Corp. will post $7.54 earnings per share for the current year.
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In other news, EVP David F. Kozel sold 5,636 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.00, for a total value of $591,780.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Francis K. Duane sold 2,497 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction of $264,657.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,627 shares of company stock worth $6,584,743. Company insiders own 1.50% of the company’s stock.
Several institutional investors have recently modified their holdings of PVH. Sentry Investment Management LLC raised its position in shares of PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank raised its position in shares of PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock valued at $3,028,000 after buying an additional 5,040 shares in the last quarter. Scotia Capital Inc. raised its position in shares of PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock valued at $322,000 after buying an additional 881 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of PVH Corp. during the second quarter valued at approximately $669,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of PVH Corp. during the second quarter valued at approximately $370,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.
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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