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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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