Investment analysts at Nomura began coverage on shares of PVH (NYSE:PVH) in a research report issued to clients and investors on Thursday, February 15th, MarketBeat.com reports. The brokerage set a “neutral” rating and a $150.00 price target on the textile maker’s stock. Nomura’s target price indicates a potential upside of 0.77% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Deutsche Bank started coverage on PVH in a report on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target on the stock. Wells Fargo & Co boosted their target price on shares of PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. 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. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Barclays set a $156.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Saturday, December 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $149.79.
PVH (NYSE:PVH) traded down $0.48 on Thursday, reaching $148.86. The company’s stock had a trading volume of 756,889 shares, compared to its average volume of 708,936. The firm has a market capitalization of $11,450.00, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97. PVH has a 12-month low of $88.89 and a 12-month high of $157.96.
PVH (NYSE:PVH) last released its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.60 earnings per share. research analysts predict that PVH will post 7.82 earnings per share for the current fiscal year.
In related news, EVP Mark D. Fischer sold 891 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $147.34, for a total value of $131,279.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction on 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. Insiders sold 392,290 shares of company stock valued at $52,131,795 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in PVH. YorkBridge Wealth Partners LLC bought a new stake in PVH during the third quarter valued at about $108,000. Cerebellum GP LLC bought a new stake in shares of PVH in the fourth quarter valued at about $131,000. Advisor Partners LLC bought a new stake in shares of PVH in the third quarter valued at about $206,000. Squar Milner Financial Services LLC bought a new stake in shares of PVH in the fourth quarter valued at about $212,000. Finally, Conning Inc. bought a new stake in shares of PVH in the fourth quarter valued at about $220,000. Institutional investors own 98.12% of the company’s stock.
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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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