PVH Corp. (NYSE:PVH) Announces $0.04 Quarterly Dividend

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, August 7th, RTT News reports. Investors of record on Wednesday, September 4th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, September 25th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%.

PVH has raised its dividend by an average of 58.7% annually over the last three years. PVH has a dividend payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect PVH to earn $12.91 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 1.2%.

PVH Price Performance

Shares of PVH traded down $1.41 during midday trading on Wednesday, reaching $93.26. The stock had a trading volume of 621,377 shares, compared to its average volume of 894,972. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.74 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 12-month low of $69.27 and a 12-month high of $141.15. The company’s 50-day moving average is $108.21 and its 200 day moving average is $117.16.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. PVH had a net margin of 7.53% and a return on equity of 13.14%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $2.14 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that PVH will post 11.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America increased their target price on PVH from $122.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, June 6th. BMO Capital Markets increased their target price on shares of PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. Jefferies Financial Group began coverage on PVH in a research report on Tuesday, April 30th. They set a “hold” rating and a $115.00 price target for the company. Barclays lifted their price objective on PVH from $149.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, Evercore ISI upped their target price on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.50.

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.