PVH (NYSE:PVH) Sets New 12-Month Low – Here’s What Happened

PVH Corp. (NYSE:PVH) reached 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. The stock had previously closed at $99.01.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Guggenheim increased their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Trading Down 6.9 %

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 company has a market cap of $5.13 billion, a PE ratio of 7.50, a PEG ratio of 1.02 and a beta of 2.09. The firm’s 50 day moving average is $105.51 and its 200 day moving average is $101.21.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.90 earnings per share. On average, equities analysts anticipate that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of PVH

Institutional investors and hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in PVH in the second quarter valued at $25,000. Venturi Wealth Management LLC boosted its holdings 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 worth $27,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. increased its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd raised its holdings in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors 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.