PVH Corp (PVH) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 117

PVH Corp (PVH) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 117 from a previous price target of $110 . Deutsche Bank advised their investors in a research report released on Aug 16, 2016.

On the company’s financial health, PVH Corp reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 25, 2016. Analyst had a consensus of $1.43. The company had revenue of $1918.00 million for the quarter, compared to analysts expectations of $1901.08 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

PVH Corp opened for trading at $104.06 and hit $105.52 on the upside on Monday, eventually ending the session at $105.05, with a gain of 1.01% or 1.05 points. The heightened volatility saw the trading volume jump to 4,19,869 shares. Company has a market cap of $8,494 M.

In a different news, on Jun 20, 2016, Edward R. Rosenfeld (director) purchased 1,000 shares at $98.64 per share price. According to the SEC, on Jun 17, 2016, Geraldine Penny Mcintyre (director) purchased 1,000 shares at $97.47 per share price. On Apr 5, 2016, Mary Baglivo (director) sold 2,560 shares at $99.20 per share price, according to the Form-4 filing with the securities and exchange commission.

PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger Van Heusen IZOD ARROW Warner’s Olga and Eagle which are owned brands and Speedo Geoffrey Beene Kenneth Cole New York Kenneth Cole Reaction Sean John MICHAEL Michael Kors Michael Kors Collection Chaps Donald J. Trump Signature Collection DKNY Nautica Ted Baker J. Garcia Claiborne Ike Behar Jones New York and Ryan Seacrest which are licensed as well as various other licensed and private label brands. It designs and markets branded dress shirts neckwear sportswear jeanswear intimate apparel swim products and to a lesser extent handbags footwear and other related products. It manages its operations through its operating divisions which are presented as six segments: Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale and Heritage Brands Retail.

PVH Corp

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