PVH Corp. (NYSE:PVH) has earned an average rating of “Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $126.53.

PVH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Monday, May 22nd. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Citigroup Inc. lifted their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. B. Riley reaffirmed a “buy” rating and set a $128.00 price target on shares of PVH Corp. in a research note on Sunday, June 4th. Finally, Cowen and Company lifted 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.

Shares of PVH Corp. (PVH) opened at 122.30 on Friday. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 25.28 and a beta of 0.51. The stock’s 50 day moving average is $117.76 and its 200-day moving average is $103.54. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $126.11.

PVH Corp. (NYSE:PVH) last released 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 net margin of 4.69% and a return on equity of 11.57%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect that PVH Corp. will post $7.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s payout ratio is presently 3.11%.

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In other news, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Fischer sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total transaction of $164,625.00. 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 ninety days. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in PVH. BlackRock Inc. boosted its stake in shares of 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 last quarter. Prudential Financial Inc. boosted its stake in shares of PVH Corp. by 154.7% in the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock valued at $128,022,000 after buying an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in shares of PVH Corp. by 136.3% in the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after buying an additional 677,096 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of PVH Corp. by 153.8% in the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after buying an additional 461,600 shares during the last quarter. Finally, Congress Asset Management Co. MA acquired a new stake in shares of PVH Corp. during the second quarter valued at $47,698,000. 98.12% of the stock is owned by hedge funds and other institutional investors.

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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