PVH Corp. (NYSE:PVH) had its target price raised by Buckingham Research from $142.00 to $143.00 in a report published on Friday morning. Buckingham Research currently has a buy rating on the textile maker’s stock.

Several other equities research analysts have also recently issued reports on PVH. Zacks Investment Research raised shares of PVH Corp. from a hold rating to a buy rating and set a $113.00 target price on the stock in a research note on Tuesday, May 16th. J P Morgan Chase & Co raised shares of PVH Corp. from a neutral rating to an overweight rating and lifted their target price for the stock from $116.00 to $125.00 in a research note on Thursday, May 25th. Piper Jaffray Companies set a $120.00 target price on shares of PVH Corp. and gave the stock a buy rating in a research note on Thursday, May 25th. Cowen and Company lifted their target price 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. Finally, UBS AG reaffirmed a buy rating and set a $120.00 target price (up previously from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. PVH Corp. currently has an average rating of Buy and an average target price of $135.29.

Shares of PVH Corp. (PVH) traded down 0.80% on Friday, reaching $125.90. 1,507,695 shares of the company’s stock traded hands. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.25. The firm’s 50-day moving average is $119.13 and its 200-day moving average is $104.92. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 24.01 and a beta of 0.51. PVH Corp. also saw unusually large options trading activity on Wednesday. Stock investors bought 13,612 put options on the stock. 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 results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. Analysts anticipate that PVH Corp. will post $7.66 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.038 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.

In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Insiders have sold 57,130 shares of company stock worth $6,320,086 over the last quarter. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised 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 worth $526,711,000 after buying an additional 4,926,341 shares during the period. Prudential Financial Inc. raised its stake in PVH Corp. by 154.7% in the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares during the last quarter. Balyasny Asset Management LLC raised its stake in 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 worth $134,407,000 after buying an additional 677,096 shares during the last quarter. Renaissance Technologies LLC raised its stake in PVH Corp. by 153.8% in the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after buying an additional 461,600 shares during the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in PVH Corp. during the second quarter worth $47,698,000. Institutional investors own 98.12% 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.

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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