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

PVH Corp. (NYSE:PVH) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, March 26th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th.

PVH has increased its dividend payment by an average of 58.7% annually over the last three years. PVH has a payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PVH to earn $12.09 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 Trading Down 0.4 %

NYSE PVH opened at $79.01 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a twelve month low of $78.83 and a twelve month high of $141.15. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.91 and a beta of 2.06. The business’s fifty day moving average is $101.22 and its 200 day moving average is $99.55.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS 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 the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 EPS. As a group, sell-side analysts expect that PVH will post 11.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PVH shares. Jefferies Financial Group lowered their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Morgan Stanley cut their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.