PVH (NYSE:PVH) Reaches New 1-Year Low – Here’s What Happened

PVH Corp. (NYSE:PVH)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $75.86 and last traded at $76.10, with a volume of 52358 shares traded. The stock had previously closed at $78.30.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PVH shares. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Trading Down 2.4 %

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 firm’s 50 day moving average price is $92.55 and its 200 day moving average price is $97.64. The stock has a market capitalization of $4.25 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.90 EPS. As a group, equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 5th. 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 stock was sold at an average price of $105.50, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

Several large investors have recently made changes to their positions in PVH. Venturi Wealth Management LLC grew its stake in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. raised its holdings in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 buying an additional 129 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of PVH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after buying an additional 150 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after buying an additional 152 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.