PVH (NYSE:PVH) Sets New 52-Week Low - Here's Why

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

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com lowered PVH from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Barclays decreased their target price on shares of PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their price target on shares of PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. downgraded shares of PVH from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Wells Fargo & Company downgraded shares of 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 report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.07.

PVH Stock Performance

The stock has a market capitalization 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 fifty day moving average is $91.32 and its two-hundred day moving average is $97.35. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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

PVH Announces Dividend

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 given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Wednesday, March 5th. PVH's dividend payout ratio is currently 1.22%.

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PVH

Hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in shares of PVH by 63.9% during the 3rd 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. boosted its stake in shares of PVH by 78.5% during the fourth 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 during the period. Covestor Ltd increased its stake in PVH by 270.6% in the 3rd 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. Proficio Capital Partners LLC purchased a new stake in PVH in the 4th quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC raised 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 valued at $43,000 after purchasing an additional 228 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

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.