Guggenheim Securities Initiates Coverage on PVH Corp to Buy

Guggenheim Securities Initiates Coverage on PVH Corp(NYSE:PVH). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, On Sep 12, 2016, Wells Fargo said it Assumes its rating on PVH Corp. The shares have been rated ‘Outperform’ by the firm. On Aug 26, 2016, Citigroup said it Maintains its rating on PVH Corp. In the research note, the firm Raises the price-target to $96.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Deutsche Bank said it Maintains its rating on PVH Corp. In the research note, the firm Raises the price-target to $117.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 26, 2016, UBS said it Maintains its rating on PVH Corp. In the research note, the firm Raises the price-target to $115.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 26, 2016, Buckingham Research said it Maintains its rating on PVH Corp. In the research note, the firm Raises the price-target to $118.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 25, 2016, Goldman Sachs said it Maintains its rating on PVH Corp. In the research note, the firm Lowers the price-target to $108.82 per share. The shares have been rated ‘Neutral’ by the firm.

PVH Corp (PVH) made into the market gainers list on Tuesdays trading session with the shares advancing 0.58% or 0.65 points. Due to strong positive momentum, the stock ended at $112.19, which is also near the day’s high of $112.92. The stock began the session at $111.86 and the volume stood at 8,49,774 shares. The 52-week high of the shares is $112.92 and the 52 week low is $64.16. The company has a current market capitalization of $9,001 M and it has 8,02,28,987 shares in outstanding.

PVH Corp(PVH) last announced its earnings results on Aug 24, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.93B. Analysts had an estimated revenue of $1.94B. Earnings per share were $1.47. Analysts had estimated an EPS of $1.29.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Edward R. Rosenfeld (director) purchased 1,000 shares at $98.64 per share price.Also, 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.

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