PVH (NYSE:PVH) Sets New 52-Week Low - Time to Sell?

PVH Corp. (NYSE:PVH - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $88.60 and last traded at $92.15, with a volume of 2652288 shares traded. The stock had previously closed at $99.01.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Bank of America cut shares of PVH from a "buy" rating to a "neutral" rating and decreased their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, Barclays increased their price objective on PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.00.

PVH Stock 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 firm has a 50-day moving average price of $105.24 and a two-hundred day moving average price of $101.15. The firm has a market cap of $5.16 billion, a PE ratio of 7.55, a P/E/G ratio of 1.02 and a beta of 2.09.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.44. The firm 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%. PVH's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.90 earnings per share. Research analysts forecast that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH's dividend payout ratio (DPR) is presently 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On PVH

Institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its stake in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of PVH by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker's stock valued at $264,000 after acquiring an additional 108 shares during the period. UMB Bank n.a. grew its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC increased its position in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after acquiring an additional 129 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 116.3% during the third 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 during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.