PVH Corp (NYSE:PVH) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Thursday. The firm presently has a $125.00 price objective on the textile maker’s stock, up from their previous price objective of $116.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 16.84% from the stock’s previous close.

PVH has been the subject of a number of other reports. Wells Fargo & Co reiterated an “outperform” rating and set a $126.00 price target on shares of PVH Corp in a report on Thursday, March 23rd. Zacks Investment Research lowered PVH Corp from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Evercore ISI lowered PVH Corp from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Credit Suisse Group AG set a $121.00 price target on PVH Corp and gave the stock a “hold” rating in a report on Monday, March 20th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $112.00 target price on shares of PVH Corp in a research note on Thursday, March 23rd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. PVH Corp has an average rating of “Buy” and a consensus target price of $119.25.

Analyst Recommendations for PVH Corp (NYSE:PVH)

PVH Corp (NYSE:PVH) traded up 4.84% during trading on Thursday, reaching $106.98. 3,913,384 shares of the company’s stock were exchanged. PVH Corp has a 52-week low of $83.80 and a 52-week high of $115.40. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 15.76 and a beta of 0.67. The stock’s 50-day moving average price is $101.29 and its 200-day moving average price is $97.73. PVH Corp also saw unusually large options trading on Tuesday. Stock investors bought 7,879 put options on the company. This represents an increase of 1,473% compared to the typical volume of 501 put options.

PVH Corp (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $1.50 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that PVH Corp will post $7.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.038 per share. The ex-dividend date is Tuesday, May 16th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp’s dividend payout ratio is currently 2.10%.

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In other news, CEO Daniel Grieder sold 18,701 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction on Friday, March 24th. The stock was sold at an average price of $101.72, for a total value of $101,720.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP boosted its stake in shares of PVH Corp by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of PVH Corp by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of PVH Corp during the first quarter valued at approximately $155,000. Financial Architects Inc boosted its stake in shares of PVH Corp by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,159 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of PVH Corp during the first quarter valued at approximately $198,000. Institutional investors own 97.96% of the company’s stock.

PVH Corp Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

12 Month Chart for NYSE:PVH

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