Piper Jaffray Companies Reiterates Buy Rating for PVH Corp. (PVH)
PVH Corp. (NYSE:PVH)‘s stock had its “buy” rating reissued by research analysts at Piper Jaffray Companies in a report released on Sunday. They presently have a $148.00 price objective on the textile maker’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 16.54% from the company’s previous close.
A number of other brokerages also recently weighed in on PVH. UBS AG reissued a “buy” rating and issued a $128.00 price target (up from $120.00) on shares of PVH Corp. in a report on Monday, June 26th. BidaskClub upgraded shares of PVH Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Cowen and Company set a $140.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a report on Friday, August 11th. B. Riley restated a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a report on Sunday, June 4th. Finally, Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research report on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $139.19.
PVH Corp. (NYSE:PVH) opened at 127.00 on Friday. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $130.75. The stock’s 50 day moving average price is $125.84 and its 200 day moving average price is $111.76. The company has a market capitalization of $9.83 billion, a P/E ratio of 24.22 and a beta of 0.46.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts anticipate that PVH Corp. will post $7.71 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.watchlistnews.com/piper-jaffray-companies-reiterates-buy-rating-for-pvh-corp-pvh/1604259.html.
In other news, EVP Mark D. Fischer sold 5,589 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James Holmes sold 851 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The disclosure for this sale can be found here. Insiders have sold a total of 84,832 shares of company stock valued at $10,050,906 in the last ninety days. Insiders own 1.50% of the company’s stock.
A number of large investors have recently modified their holdings of PVH. BlackRock Inc. increased its holdings in PVH Corp. by 3,001.8% during the 1st quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after acquiring an additional 4,926,341 shares during the period. Prudential Financial Inc. lifted its stake in PVH Corp. by 154.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after purchasing an additional 679,144 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in PVH Corp. by 136.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after purchasing an additional 677,096 shares in the last quarter. Renaissance Technologies LLC lifted its stake in PVH Corp. by 153.8% in the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after purchasing an additional 461,600 shares in the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in PVH Corp. in the 2nd quarter worth approximately $47,698,000. 95.32% of the stock is owned by institutional investors.
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.
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.