PVH Corp. (PVH) To Go Ex-Dividend on March 5th

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, March 26th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th.

PVH has increased its dividend by an average of 58.7% annually over the last three years. PVH has a payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PVH to earn $12.09 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 1.2%.

PVH Price Performance

PVH stock opened at $79.01 on Friday. 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 company has a market capitalization of $4.40 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. PVH has a one year low of $78.83 and a one year high of $141.15. The business has a 50 day simple moving average of $101.22 and a 200 day simple moving average of $99.55.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $2.90 EPS. PVH’s revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts forecast that PVH will post 11.67 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the 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 owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on PVH. Morgan Stanley lowered their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $130.00 to $105.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $119.07.

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.