PVH Corp (NYSE:PVH) Given Average Rating of “Buy” by Analysts
Shares of PVH Corp (NYSE:PVH) have been assigned a consensus rating of “Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $71.56.
A number of brokerages have recently commented on PVH. Barclays lifted their price objective on PVH from $51.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. BMO Capital Markets lifted their price objective on PVH from $52.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, September 3rd. Bank of America lifted their price objective on PVH from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. DA Davidson boosted their price target on PVH from $60.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Citigroup boosted their price target on PVH from $35.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, June 15th.
Several hedge funds and other institutional investors have recently modified their holdings of PVH. First Horizon Advisors Inc. purchased a new stake in shares of PVH in the second quarter worth about $26,000. Glenmede Trust Co. NA lifted its stake in shares of PVH by 112.3% in the second quarter. Glenmede Trust Co. NA now owns 724 shares of the textile maker’s stock worth $33,000 after acquiring an additional 383 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of PVH in the second quarter worth about $35,000. Carmichael Hill & Associates Inc. acquired a new position in shares of PVH in the second quarter worth about $38,000. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of PVH by 58.0% in the second quarter. Orion Portfolio Solutions LLC now owns 973 shares of the textile maker’s stock worth $47,000 after acquiring an additional 357 shares in the last quarter. 97.62% of the stock is owned by institutional investors.
PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($2.43) by $2.56. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.29 billion. PVH had a positive return on equity of 3.07% and a negative net margin of 12.40%. The business’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share. Sell-side analysts expect that PVH will post -3.12 earnings per share for the current fiscal year.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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