PVH Corp (NYSE:PVH)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $75.33 and last traded at $75.69, with a volume of 233434 shares changing hands. The stock had previously closed at $78.58.
A number of equities research analysts recently weighed in on PVH shares. Bank of America set a $165.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Thursday, May 30th. TheStreet downgraded shares of PVH from a “b” rating to a “c+” rating in a research report on Wednesday, May 29th. Nomura lowered their price objective on shares of PVH from $125.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Royal Bank of Canada set a $125.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Guggenheim reaffirmed a “buy” rating and set a $150.00 price objective on shares of PVH in a research report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $125.32.
The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 1.47. The stock has a market cap of $5.83 billion, a PE ratio of 7.85, a P/E/G ratio of 0.63 and a beta of 1.40. The stock has a 50-day moving average price of $89.02.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, May 29th. The textile maker reported $2.46 EPS for the quarter, topping the consensus estimate of $2.44 by $0.02. PVH had a net margin of 6.69% and a return on equity of 13.03%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. PVH’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts expect that PVH Corp will post 10.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be given a $0.038 dividend. This is a boost from PVH’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.15 annualized dividend and a yield of 0.20%. PVH’s dividend payout ratio is 1.56%.
In other news, Director Henry Nasella bought 1,200 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $82.84 per share, for a total transaction of $99,408.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of PVH by 13.9% in the first quarter. FMR LLC now owns 7,692,951 shares of the textile maker’s stock valued at $938,155,000 after acquiring an additional 936,855 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PVH by 7.2% in the second quarter. JPMorgan Chase & Co. now owns 5,681,044 shares of the textile maker’s stock valued at $529,929,000 after acquiring an additional 383,485 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of PVH by 54.3% in the second quarter. Pzena Investment Management LLC now owns 3,001,404 shares of the textile maker’s stock valued at $284,053,000 after acquiring an additional 1,055,649 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,907 shares of the textile maker’s stock valued at $112,740,000 after acquiring an additional 187,346 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of PVH by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 1,207,475 shares of the textile maker’s stock valued at $112,075,000 after acquiring an additional 44,504 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.
About PVH (NYSE:PVH)
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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