BidaskClub Upgrades PVH Corp. (PVH) to Strong-Buy

PVH Corp. (NYSE:PVH) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

A number of other research analysts have also weighed in on PVH. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, May 16th. J P Morgan Chase & Co upgraded PVH Corp. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $116.00 to $125.00 in a research report on Thursday, May 25th. Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the company a “buy” rating in a research report on Thursday, May 25th. Cowen and Company raised their price objective on PVH Corp. from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, UBS AG restated a “buy” rating and set a $120.00 price objective (up previously from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $125.47.

PVH Corp. (NYSE PVH) traded down 1.20% during trading on Thursday, reaching $122.62. The company had a trading volume of 169,974 shares. The firm’s 50-day moving average price is $115.57 and its 200 day moving average price is $102.30. PVH Corp. has a one year low of $84.53 and a one year high of $126.11. The firm has a market capitalization of $9.55 billion, a P/E ratio of 25.35 and a beta of 0.51.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. Equities analysts forecast that PVH Corp. will post $7.52 earnings per share for the current fiscal year.

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In other PVH Corp. news, EVP David F. Kozel sold 5,636 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.00, for a total transaction of $591,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The disclosure for this sale can be found here. Insiders have sold 59,627 shares of company stock valued at $6,584,743 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PVH. UBS Asset Management Americas Inc. raised its position in shares of PVH Corp. by 10.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 310,676 shares of the textile maker’s stock valued at $28,034,000 after buying an additional 29,079 shares during the period. Macquarie Group Ltd. raised its position in shares of PVH Corp. by 180.0% in the fourth quarter. Macquarie Group Ltd. now owns 128,287 shares of the textile maker’s stock valued at $11,576,000 after buying an additional 82,472 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of PVH Corp. by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,479 shares of the textile maker’s stock valued at $7,086,000 after buying an additional 2,144 shares during the period. Bank of Montreal Can raised its position in shares of PVH Corp. by 109.3% in the first quarter. Bank of Montreal Can now owns 56,385 shares of the textile maker’s stock valued at $5,835,000 after buying an additional 29,449 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of PVH Corp. during the first quarter valued at about $1,743,000. Institutional investors and hedge funds own 97.42% of the company’s stock.

About PVH Corp.

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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