PVH Corp. (NYSE:PVH)‘s stock had its “buy” rating reiterated by equities researchers at Buckingham Research in a research report issued to clients and investors on Monday. They currently have a $127.00 price objective on the textile maker’s stock. Buckingham Research’s price objective suggests a potential upside of 12.83% from the company’s current price.

A number of other brokerages have also recently weighed in on PVH. BidaskClub upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. UBS AG reiterated a “buy” rating and set a $128.00 price target (up previously from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. ValuEngine upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. FBR & Co began coverage on shares of PVH Corp. in a research note on Tuesday, July 11th. They set an “outperform” rating and a $135.00 price target for the company. Finally, Cowen and Company increased their price target on shares of PVH Corp. from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.06.

PVH Corp. (NYSE:PVH) opened at 112.56 on Monday. The stock has a market cap of $8.76 billion, a PE ratio of 23.27 and a beta of 0.50. The company’s 50 day moving average is $105.06 and its 200 day moving average is $97.56. PVH Corp. has a one year low of $84.53 and a one year high of $115.86.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.05. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. On average, equities research analysts expect that PVH Corp. will post $7.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th were issued a $0.038 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp.’s dividend payout ratio is presently 3.11%.

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In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven B. Shiffman sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $105.82, for a total transaction of $232,804.00. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock valued at $6,584,743 in the last quarter. Insiders own 1.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock valued at $526,711,000 after buying an additional 4,926,341 shares during the period. Ameriprise Financial Inc. increased its position in PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock valued at $278,637,000 after buying an additional 393,500 shares during the period. Credit Agricole S A increased its position in PVH Corp. by 104.7% in the first quarter. Credit Agricole S A now owns 763,289 shares of the textile maker’s stock valued at $78,977,000 after buying an additional 390,419 shares during the period. Highbridge Capital Management LLC increased its position in PVH Corp. by 112,735.7% in the fourth quarter. Highbridge Capital Management LLC now owns 337,907 shares of the textile maker’s stock valued at $30,492,000 after buying an additional 338,207 shares during the period. Finally, Bank of New York Mellon Corp increased its position in PVH Corp. by 14.8% in the first quarter. Bank of New York Mellon Corp now owns 1,590,433 shares of the textile maker’s stock valued at $164,563,000 after buying an additional 204,936 shares during the period. Hedge funds and other institutional investors own 96.44% of the company’s stock.

About PVH Corp.

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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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