PVH (NYSE:PVH) Trading Down 5% – Should You Sell?

PVH Corp. (NYSE:PVH) traded down 5% during trading on Thursday . The company traded as low as $93.12 and last traded at $94.04. 582,684 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 786,555 shares. The stock had previously closed at $99.01.

Analysts Set New Price Targets

PVH has been the topic of a number of recent analyst reports. Barclays raised their target price on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, Guggenheim lifted 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.00.

PVH Price 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 company’s fifty day moving average is $105.51 and its 200 day moving average is $101.21. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.02 and a beta of 2.09.

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

PVH Announces Dividend

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

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in PVH by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the last quarter. American Century Companies Inc. grew its position in PVH by 37.4% in the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after acquiring an additional 21,790 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in PVH by 82.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,281 shares of the textile maker’s stock worth $776,000 after acquiring an additional 3,287 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of PVH during the 2nd quarter valued at approximately $6,995,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.