UBS AG reissued their buy rating on shares of PVH Corp. (NYSE:PVH) in a research report report published on Thursday morning, The Fly reports. The firm currently has a $140.00 price objective on the textile maker’s stock, up from their prior price objective of $128.00.

Other research analysts have also recently issued research reports about the company. Citigroup Inc. raised their target price on PVH Corp. from $115.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, May 30th. B. Riley reaffirmed a buy rating and set a $128.00 target price on shares of PVH Corp. in a report on Tuesday, May 30th. Piper Jaffray Companies set a $120.00 target price on PVH Corp. and gave the company a buy rating in a report on Thursday, May 25th. Zacks Investment Research raised PVH Corp. from a hold rating to a buy rating and set a $112.00 target price for the company in a report on Monday, May 22nd. Finally, ValuEngine raised PVH Corp. from a hold rating to a buy rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. PVH Corp. presently has a consensus rating of Buy and an average price target of $137.00.

Shares of PVH Corp. (NYSE:PVH) traded down 0.80% during midday trading on Thursday, hitting $125.90. 1,507,695 shares of the stock were exchanged. The firm has a market cap of $9.80 billion, a PE ratio of 24.01 and a beta of 0.51. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.25. The firm has a 50-day moving average price of $119.13 and a 200 day moving average price of $104.92.

PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that PVH Corp. will post $7.66 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be paid a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.

In related news, SVP Dana Perlman sold 769 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David F. Kozel sold 5,636 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.00, for a total value of $591,780.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,130 shares of company stock valued at $6,320,086. Company insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased 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. increased its stake 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 worth $526,711,000 after buying an additional 4,926,341 shares during the period. State Street Corp increased its stake in PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock worth $380,025,000 after buying an additional 61,303 shares during the period. FMR LLC increased its stake in PVH Corp. by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after buying an additional 187,588 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in PVH Corp. by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after buying an additional 13,101 shares during the period. 98.12% of the stock is owned by hedge funds and other 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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