PVH (NYSE:PVH) Hits New 12-Month Low – Should You Sell?

Shares of PVH Corp. (NYSE:PVH) reached a new 52-week low on Monday . The stock traded as low as $77.88 and last traded at $77.79, with a volume of 42895 shares. The stock had previously closed at $78.85.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Barclays reduced their target price 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. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Price Performance

The firm has a market capitalization of $4.37 billion, a P/E ratio of 6.40, a PEG ratio of 0.78 and a beta of 2.06. The company has a fifty day moving average of $99.29 and a 200 day moving average of $99.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s payout ratio is 1.22%.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’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 completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in PVH during the 4th quarter valued at $1,206,000. Sei Investments Co. increased its holdings in shares of PVH by 28.0% in the 4th quarter. Sei Investments Co. now owns 230,735 shares of the textile maker’s stock worth $24,400,000 after purchasing an additional 50,417 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock worth $48,096,000 after purchasing an additional 304,973 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of PVH by 17.6% in the 4th quarter. Teacher Retirement System of Texas now owns 39,195 shares of the textile maker’s stock worth $4,145,000 after purchasing an additional 5,870 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of PVH by 8.5% in the fourth quarter. Xponance Inc. now owns 6,953 shares of the textile maker’s stock worth $735,000 after acquiring an additional 542 shares during the period. Hedge funds and other 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.