PVH Corp. (PVH) PT Set at $145.00 by Cowen and Company
PVH Corp. (NYSE:PVH) has been assigned a $145.00 target price by stock analysts at Cowen and Company in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the textile maker’s stock. Cowen and Company’s target price indicates a potential upside of 13.07% from the company’s current price.
A number of other brokerages also recently issued reports on PVH. Credit Suisse Group set a $136.00 price objective on PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, August 24th. ValuEngine downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research increased their price objective on PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG initiated coverage on PVH Corp. in a research report on Monday, October 23rd. They issued a “hold” rating and a $131.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $138.71.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business posted $1.47 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year.
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In other news, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $126.86, for a total transaction of $3,044,640.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Fischer sold 5,589 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 39,307 shares of company stock worth $4,980,787 over the last ninety days. Insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Advisor Partners LLC bought a new position in shares of PVH Corp. during the third quarter valued at about $206,000. Oregon Public Employees Retirement Fund grew its stake in shares of PVH Corp. by 1.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,118 shares of the textile maker’s stock worth $4,049,000 after purchasing an additional 416 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of PVH Corp. by 16.2% in the third quarter. State of Tennessee Treasury Department now owns 92,302 shares of the textile maker’s stock worth $11,636,000 after purchasing an additional 12,872 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of PVH Corp. by 8.1% in the third quarter. State of Wisconsin Investment Board now owns 77,558 shares of the textile maker’s stock worth $9,777,000 after purchasing an additional 5,792 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of PVH Corp. in the third quarter worth about $9,607,000. 95.69% of the stock is currently owned by hedge funds and other 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.
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