PVH Corp. (NYSE:PVH - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $61.36 and last traded at $61.65, with a volume of 1376545 shares trading hands. The stock had previously closed at $65.98.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on PVH. Jefferies Financial Group decreased their price target on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. cut PVH from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley decreased their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $107.13.
Read Our Latest Report on PVH
PVH Stock Performance
The firm has a market capitalization of $3.62 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The business's 50 day simple moving average is $71.39 and its two-hundred day simple moving average is $90.65. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.
PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the company posted $3.72 EPS. The company's revenue was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.
PVH Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's payout ratio is 1.42%.
Institutional Trading of PVH
Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pacer Advisors Inc. boosted its holdings 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 buying an additional 36,719 shares in the last quarter. LSV Asset Management grew its position in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after acquiring an additional 15,900 shares during the period. Bank of New York Mellon Corp raised its stake in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after buying an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.
PVH Company Profile
(
Get Free Report)
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.
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