PVH (NYSE:PVH) Reaches New 12-Month Low – What’s Next?

Shares of PVH Corp. (NYSE:PVH) reached a new 52-week low during trading on Thursday . The stock traded as low as $75.86 and last traded at $76.10, with a volume of 52358 shares traded. The stock had previously closed at $78.30.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PVH shares. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Jefferies Financial Group decreased their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Guggenheim raised their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Barclays decreased their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $119.07.

PVH Price Performance

The stock’s 50 day moving average price is $91.32 and its two-hundred day moving average price is $97.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is 1.22%.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PVH

A number of institutional investors and hedge funds have recently bought and sold shares of PVH. Allspring Global Investments Holdings LLC increased its position in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the period. International Assets Investment Management LLC increased its position in PVH by 11,921.2% during the third quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock worth $630,000 after acquiring an additional 6,199 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in PVH during the third quarter worth $67,000. State of Alaska Department of Revenue increased its position in PVH by 5.4% during the third quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker’s stock worth $654,000 after acquiring an additional 335 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in PVH by 135.7% during the third quarter. Janney Montgomery Scott LLC now owns 13,334 shares of the textile maker’s stock worth $1,344,000 after acquiring an additional 7,678 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.