Goldman Sachs Reaffirms Buy Rating on Phillips-Van Heusen (PVH)

By admin | 6 years ago

Phillips-Van Heusen (NYSE: PVH)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs (NYSE: GS) in a report released on Friday.

Shares of Phillips-Van Heusen opened at 82.46 on Friday. Phillips-Van Heusen has a one year low of $51.15 and a one year high of $92.81. The company has a market cap of $5.652 billion and a P/E ratio of 17.03.

Phillips-Van Heusen last issued its quarterly earnings data on Wednesday, May 23rd. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.04. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Phillips-Van Heusen will post $2.31 earnings per share next quarter.

A number of other analysts have also recently weighed in on PVH. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Phillips-Van Heusen in a research note to investors on Tuesday, May 22nd. Separately, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Phillips-Van Heusen from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, May 4th. They now have a $93.00 price target on the stock. Finally, analysts at Credit Suisse (NYSE: CS) upgraded shares of Phillips-Van Heusen from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, April 2nd. They now have a $105.00 price target on the stock.

PVH Corp., formerly Phillips-Van Heusen Corporation, is an apparel company. Its portfolio of brands includes its owned brands, Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Van Heusen, IZOD, ARROW, G.

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