PVH Corp. (NYSE:PVH) had its price objective hoisted by equities researchers at Citigroup Inc. from $125.00 to $148.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the textile maker’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 16.61% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, May 16th. Piper Jaffray Companies set a $120.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a research report on Wednesday, June 14th. B. Riley reissued a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a research report on Sunday, June 4th. UBS AG reissued a “buy” rating and set a $120.00 price objective (up previously from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. Finally, ValuEngine raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $132.00.

PVH Corp. (PVH) traded down 1.27% during mid-day trading on Friday, reaching $125.31. The company had a trading volume of 286,092 shares. The stock has a market capitalization of $9.80 billion, a PE ratio of 23.90 and a beta of 0.51. The company’s 50-day moving average is $118.71 and its 200-day moving average is $104.65. PVH Corp. has a one year low of $84.53 and a one year high of $130.25. PVH Corp. also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 13,612 put options on the company. This is an increase of approximately 1,016% compared to the average daily volume of 1,220 put options.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.83%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post $7.66 earnings per share for the current year.

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In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction 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 SEC, which is accessible through this hyperlink. Also, EVP David F. Kozel sold 5,636 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.00, for a total transaction of $591,780.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,130 shares of company stock worth $6,320,086. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock valued at $821,815,000 after buying an additional 112,758 shares in the last quarter. 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 in the last quarter. State Street Corp boosted its stake in shares of PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock valued at $380,025,000 after buying an additional 61,303 shares in the last quarter. FMR LLC boosted its stake in shares of PVH Corp. by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock valued at $410,796,000 after buying an additional 187,588 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of PVH Corp. by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock valued at $368,576,000 after buying an additional 13,101 shares in the last quarter. Institutional investors and hedge funds own 98.12% 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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