Bank of America Corporation started coverage on shares of PVH Corp. (NYSE:PVH) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $146.00 price objective on the textile maker’s stock.

Several other brokerages have also issued reports on PVH. BidaskClub upgraded shares of PVH Corp. from a hold rating to a buy rating in a research report on Monday, July 31st. Cowen and Company set a $120.00 price target on shares of PVH Corp. and gave the stock a buy rating in a research note on Thursday, July 27th. Buckingham Research reissued a buy rating and set a $127.00 price target on shares of PVH Corp. in a research note on Monday, July 17th. UBS AG reissued a buy rating and set a $128.00 price target (up from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. Finally, ValuEngine raised shares of PVH Corp. from a hold rating to a buy rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $124.26.

PVH Corp. (PVH) traded up 0.68% during trading on Thursday, reaching $122.10. 760,298 shares of the company were exchanged. The company has a market capitalization of $9.50 billion, a P/E ratio of 25.18 and a beta of 0.51. The firm’s 50-day moving average is $112.65 and its 200 day moving average is $101.15. PVH Corp. has a one year low of $84.53 and a one year high of $122.75.

PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $1.50 earnings per share. PVH Corp.’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that PVH Corp. will post $7.52 EPS for the current fiscal year.

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The company also recently announced 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 dividend yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s payout ratio is 3.11%.

In related news, EVP David F. Kozel sold 5,636 shares of PVH Corp. stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.00, for a total value of $591,780.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction on Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,627 shares of company stock worth $6,584,743. 1.30% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PVH. Advisors Asset Management Inc. boosted its stake in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the period. FNY Partners Fund LP boosted its stake in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the period. Penserra Capital Management LLC boosted its stake in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in PVH Corp. during the first quarter valued at $155,000. Finally, Financial Architects Inc boosted its stake in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,159 shares during the period. Institutional investors and hedge funds own 96.27% 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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