PVH (NYSE:PVH) Sees Strong Trading Volume - Time to Buy?

Shares of PVH Corp. (NYSE:PVH - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,038,137 shares changed hands during trading, an increase of 117% from the previous session's volume of 937,125 shares.The stock last traded at $78.30 and had previously closed at $76.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PVH shares. JPMorgan Chase & Co. lowered PVH from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $149.00 to $113.00 in a research report on Friday, January 24th. UBS Group dropped their price target on shares of PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley decreased their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a report on Tuesday, April 1st. Finally, Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.13.

PVH Stock Down 2.9 %

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 has a 50-day moving average price of $74.52 and a two-hundred day moving average price of $92.04. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 0.77 and a beta of 1.89.

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PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $3.72 earnings per share. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is 1.42%.

Institutional Investors Weigh In On PVH

Several large investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the 4th quarter valued at about $47,000. GAMMA Investing LLC lifted its holdings in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of PVH during the 4th quarter worth about $50,000. Finally, Hoey Investments Inc. bought a new position in PVH in the 4th quarter valued at about $55,000. 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.