PVH (NYSE:PVH) Reaches New 52-Week Low Following Analyst Downgrade

PVH Corp. (NYSE:PVH - Get Free Report) shares hit a new 52-week low during trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $128.00 to $109.00. The Goldman Sachs Group currently has a buy rating on the stock. PVH traded as low as $68.80 and last traded at $70.15, with a volume of 920350 shares traded. The stock had previously closed at $71.25.

A number of other equities research analysts have also issued reports on PVH. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Morgan Stanley cut their target price on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and a consensus price target of $118.07.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm'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 completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade 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 currently owned by company insiders.

Institutional Trading of PVH

Several institutional investors and hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd grew its stake in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after buying an additional 295 shares during the period. Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after purchasing an additional 228 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PVH in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Price Performance

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 company has a market cap of $3.96 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. The business's 50 day moving average price is $89.08 and its 200-day moving average price is $96.76.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business's revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 EPS. As a group, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio is currently 1.22%.

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.