PVH Corp. (NYSE:PVH) to Issue Quarterly Dividend of $0.04

PVH Corp. (NYSE:PVH) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.0375 per share by the textile maker on Wednesday, December 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%.

PVH has raised its dividend payment by an average of 58.7% per year over the last three years. PVH has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PVH to earn $12.58 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 Stock Down 0.1 %

Shares of NYSE:PVH traded down $0.05 during midday trading on Wednesday, hitting $98.81. 1,139,364 shares of the stock were exchanged, compared to its average volume of 850,358. The company has a market capitalization of $5.51 billion, a PE ratio of 7.96, a P/E/G ratio of 0.85 and a beta of 2.11. PVH has a 52-week low of $71.32 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The business’s fifty day simple moving average is $97.35 and its two-hundred day simple moving average is $104.53.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. As a group, research analysts predict that PVH will post 11.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PVH has been the topic of several recent research reports. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Barclays decreased their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reduced their price objective on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

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.