PVH (NYSE:PVH) Hits New 1-Year Low - Should You Sell?

PVH Corp. (NYSE:PVH - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $77.88 and last traded at $77.79, with a volume of 42895 shares. The stock had previously closed at $78.85.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group cut their target price on shares of PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Barclays cut their target price on shares of PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company cut shares of PVH from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $130.00 to $105.00 in a report on Monday, February 3rd. 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, PVH presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.07.

PVH Stock Up 1.6 %

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 firm's 50-day moving average is $99.95 and its 200 day moving average is $99.25. The firm has a market capitalization of $4.37 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06.

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

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH's dividend payout ratio (DPR) is 1.22%.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Institutional Trading of PVH

A number of institutional investors and hedge funds have recently bought and sold shares of PVH. Pzena Investment Management LLC boosted its stake in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker's stock valued at $570,295,000 after buying an additional 32,300 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock worth $255,011,000 after purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. lifted its stake in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after purchasing an additional 36,719 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

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.