PVH Corp. (NYSE:PVH) Short Interest Update

PVH Corp. (NYSE:PVH) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,100,000 shares, a drop of 32.0% from the March 15th total of 3,090,000 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is currently 1.5 days.

PVH Stock Up 1.6 %

PVH stock traded up $1.09 during midday trading on Friday, hitting $68.83. 1,035,707 shares of the stock were exchanged, compared to its average volume of 952,000. PVH has a 52-week low of $59.28 and a 52-week high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $70.42 and its 200-day moving average price is $89.63. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 earnings per share. On average, research analysts expect that PVH will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH’s dividend payout ratio is currently 1.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PVH. JPMorgan Chase & Co. reduced their target price on PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Barclays upped their target price on PVH from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, April 3rd. Citigroup reissued a “neutral” rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. Jefferies Financial Group decreased their target price on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets reduced their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.40.

Institutional Trading of PVH

A number of hedge funds and other institutional investors have recently bought and sold shares of PVH. UMB Bank n.a. boosted its stake in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of PVH during the fourth quarter worth about $47,000. GAMMA Investing LLC increased its position in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP purchased a new stake in PVH in the fourth quarter valued at approximately $50,000. Finally, Hoey Investments Inc. bought a new stake in PVH during the fourth quarter valued at approximately $55,000. 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.