PVH (PVH) Now Covered by B. Riley

Stock analysts at B. Riley began coverage on shares of PVH (NYSE:PVH) in a note issued to investors on Friday. The firm set a “buy” rating and a $155.00 price target on the textile maker’s stock. B. Riley’s price objective would suggest a potential upside of 14.31% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Barclays began coverage on shares of PVH in a research report on Tuesday, September 19th. They set an “overweight” rating and a $147.00 price objective for the company. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Sanford C. Bernstein began coverage on shares of PVH in a research report on Tuesday, September 12th. They set a “market perform” rating and a $142.00 price objective for the company. Citigroup upped their price objective on shares of PVH from $125.00 to $148.00 and gave the company a “neutral” rating in a research report on Friday, August 25th. Finally, Cowen set a $145.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. PVH has a consensus rating of “Buy” and an average price target of $145.44.

PVH (NYSE PVH) opened at $135.60 on Friday. The company has a market cap of $10,432.39, a PE ratio of 20.18, a PEG ratio of 1.33 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. PVH has a 52-week low of $84.53 and a 52-week high of $139.51.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 earnings per share. sell-side analysts forecast that PVH will post 7.81 EPS for the current fiscal year.

In other PVH news, SVP James Holmes sold 2,552 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.85, for a total transaction of $346,689.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total transaction of $43,836.80. The disclosure for this sale can be found here. In the last three months, insiders sold 375,199 shares of company stock worth $49,749,053. 1.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of PVH. Ameriprise Financial Inc. grew its stake in shares of PVH by 31.0% during the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of PVH by 154.7% during the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock valued at $128,022,000 after purchasing an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC grew its stake in shares of PVH by 136.3% during the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after purchasing an additional 677,096 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of PVH by 153.8% during the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after purchasing an additional 461,600 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of PVH by 548.0% during the second quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock valued at $34,043,000 after purchasing an additional 251,424 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

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PVH 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 (NYSE:PVH)

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