PVH (NYSE:PVH) Hits New 12-Month Low at $67.45

PVH Corp (NYSE:PVH)’s stock price reached a new 52-week low on Thursday . The company traded as low as $67.45 and last traded at $67.90, with a volume of 5800 shares changing hands. The stock had previously closed at $69.36.

A number of analysts have weighed in on the stock. Royal Bank of Canada set a $125.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Friday, May 31st. ValuEngine downgraded shares of PVH from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. decreased their target price on shares of PVH from $139.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Guggenheim reissued a “buy” rating and set a $150.00 target price on shares of PVH in a research report on Wednesday, May 29th. Finally, Bank of America set a $165.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $125.32.

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $86.79. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 0.58 and a beta of 1.40.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 29th. The textile maker reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business earned $2.36 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that PVH Corp will post 10.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.038 per share. The ex-dividend date is Thursday, August 29th. This is a boost from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH’s dividend payout ratio (DPR) is 1.56%.

In related news, Director Henry Nasella acquired 1,200 shares of the company’s stock in a transaction on Friday, May 31st. The shares were acquired at an average cost of $82.84 per share, for a total transaction of $99,408.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Everence Capital Management Inc. purchased a new stake in shares of PVH during the 1st quarter valued at $455,000. Great West Life Assurance Co. Can increased its position in shares of PVH by 29.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 68,736 shares of the textile maker’s stock valued at $8,364,000 after purchasing an additional 15,441 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of PVH by 6.5% during the 2nd quarter. New York State Teachers Retirement System now owns 114,966 shares of the textile maker’s stock valued at $10,880,000 after purchasing an additional 7,049 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of PVH by 2.0% during the 1st quarter. Eagle Asset Management Inc. now owns 43,018 shares of the textile maker’s stock valued at $5,246,000 after purchasing an additional 846 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of PVH by 187.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,188 shares of the textile maker’s stock valued at $145,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

PVH Company Profile (NYSE:PVH)

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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