PVH (NYSE:PVH) Reaches New 12-Month Low – What’s Next?

PVH Corp. (NYSE:PVH)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $75.86 and last traded at $76.10, with a volume of 52358 shares. The stock had previously closed at $78.30.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Guggenheim raised their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Finally, Morgan Stanley reduced their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.07.

PVH Stock Performance

The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.77 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company’s 50 day simple moving average is $91.32 and its 200 day simple moving average is $97.33.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating 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%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.90 EPS. On average, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH’s dividend payout ratio is currently 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Several hedge funds have recently made changes to their positions in PVH. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of PVH by 11,921.2% in the third quarter. International Assets Investment Management LLC now owns 6,251 shares of the textile maker’s stock worth $630,000 after acquiring an additional 6,199 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of PVH in the third quarter worth approximately $67,000. State of Alaska Department of Revenue increased its position in shares of PVH by 5.4% in the third quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker’s stock worth $654,000 after acquiring an additional 335 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of PVH by 135.7% in the third quarter. Janney Montgomery Scott LLC now owns 13,334 shares of the textile maker’s stock worth $1,344,000 after acquiring an additional 7,678 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

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.