NEW YORK (TheStreet) -- PVH Corp. (PVH) stock is up 10.04% to $128.89 in afternoon trading at three times normal volume following its higher than expected second quarter earnings and a price target increase at Wells Fargo (WFC) .
Watch the video below for a detailed look at PVH's latest quarterly results:
The firm cited improved sales trends in August for the change.
Separately, TheStreet Ratings team rates PVH CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PVH CORP (PVH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."