PVH (NYSE:PVH) Stock Price Down 5% – Should You Sell?

PVH Corp. (NYSE:PVH)’s share price fell 5% during mid-day trading on Thursday . The stock traded as low as $93.12 and last traded at $94.04. 582,684 shares were traded during mid-day trading, a decline of 26% from the average session volume of 786,555 shares. The stock had previously closed at $99.01.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PVH. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Stock Up 0.6 %

The stock has a market cap of $5.16 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 1.02 and a beta of 2.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company’s 50-day moving average price is $105.01 and its 200 day moving average price is $101.06.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.90 EPS. As a group, analysts forecast that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s payout ratio is 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its position in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after buying an additional 108 shares in the last quarter. American Century Companies Inc. grew its position in shares of PVH by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after buying an additional 21,790 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of PVH by 82.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,281 shares of the textile maker’s stock worth $776,000 after buying an additional 3,287 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of PVH during the 2nd quarter worth $6,995,000. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of PVH by 24.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,941 shares of the textile maker’s stock worth $1,158,000 after buying an additional 2,144 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About PVH

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.