UBS AG reaffirmed their buy rating on shares of PVH Corp. (NYSE:PVH) in a research report sent to investors on Thursday, The Fly reports. They currently have a $140.00 price target on the textile maker’s stock, up from their prior price target of $128.00.

Several other research firms have also commented on PVH. Credit Suisse Group set a $136.00 price target on shares of PVH Corp. and gave the company a buy rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of PVH Corp. from a hold rating to a buy rating and set a $112.00 price target on the stock in a research report on Monday, May 22nd. ValuEngine lowered shares of PVH Corp. from a buy rating to a hold rating in a research report on Saturday, June 3rd. Citigroup Inc. increased their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, May 30th. Finally, B. Riley reiterated a buy rating and issued a $128.00 price target on shares of PVH Corp. in a research report on Sunday, June 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $137.00.

Shares of PVH Corp. (NYSE PVH) opened at 125.90 on Thursday. The company has a 50 day moving average price of $119.13 and a 200-day moving average price of $104.92. The stock has a market capitalization of $9.80 billion, a P/E ratio of 24.01 and a beta of 0.51. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.25.

PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion for 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 company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 earnings per share. On average, analysts predict that PVH Corp. will post $7.66 earnings per share for the current fiscal year.

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The business 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.

In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 57,130 shares of company stock worth $6,320,086. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in PVH Corp. during the second quarter worth $3,916,000. Sentry Investment Management LLC increased its position in PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank increased its position in PVH Corp. by 23.6% in the second quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,040 shares in the last quarter. Scotia Capital Inc. increased its position in PVH Corp. by 45.5% in the second quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after buying an additional 881 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in PVH Corp. during the second quarter worth $669,000. 94.71% of the stock is currently owned by institutional investors.

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.

The Fly

Analyst Recommendations for PVH Corp. (NYSE:PVH)

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