Cowen and Company set a $120.00 target price on PVH Corp. (NYSE:PVH) in a research note released on Thursday. The firm currently has a buy rating on the textile maker’s stock.

Several other research firms have also weighed in on PVH. BidaskClub raised PVH Corp. from a hold rating to a buy rating in a research note on Thursday, June 29th. Buckingham Research reissued a buy rating and issued a $127.00 target price on shares of PVH Corp. in a research note on Monday, July 17th. UBS AG reissued a buy rating and issued a $128.00 target price (up previously from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. ValuEngine raised PVH Corp. from a hold rating to a buy rating in a research note on Tuesday, June 27th. Finally, FBR & Co began coverage on PVH Corp. in a research note on Tuesday, July 11th. They issued an outperform rating and a $135.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. PVH Corp. currently has an average rating of Buy and a consensus price target of $123.06.

Shares of PVH Corp. (NYSE:PVH) opened at 119.94 on Thursday. The firm has a 50-day moving average of $111.86 and a 200 day moving average of $100.62. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $120.49. The company has a market capitalization of $9.34 billion, a PE ratio of 24.80 and a beta of 0.50.

PVH Corp. (NYSE:PVH) last posted its quarterly 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. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. On average, equities research analysts expect that PVH Corp. will post $7.51 earnings per share for the current fiscal year.

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In related news, COO Michael A. Shaffer sold 45,525 shares of PVH Corp. stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $105.99, for a total value of $264,657.03. The disclosure for this sale can be found here. In the last three months, insiders sold 59,627 shares of company stock worth $6,584,743. 1.50% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in PVH. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of PVH Corp. by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of PVH Corp. by 0.7% in the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after buying an additional 64 shares in the last quarter. Allen Investment Management LLC raised its stake in shares of PVH Corp. by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after buying an additional 92 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of PVH Corp. by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock worth $1,601,000 after buying an additional 95 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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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