PVH (NYSE:PVH) Sets New 1-Year Low – Here’s Why

PVH Corp. (NYSE:PVH) hit a new 52-week low on Monday . The company traded as low as $77.88 and last traded at $77.79, with a volume of 42895 shares changing hands. The stock had previously closed at $78.85.

Analysts Set New Price Targets

A number of analysts have recently commented on PVH shares. Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Jefferies Financial Group cut their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday. Guggenheim increased their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays reduced their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.07.

PVH Stock Down 2.2 %

The company has a market cap of $4.29 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. 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 has a fifty day moving average of $100.63 and a 200 day moving average of $99.39.

PVH (NYSE:PVH) last issued its quarterly earnings data 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 business earned $2.90 EPS. On average, research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business 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 is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s dividend payout ratio (DPR) is 1.22%.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was 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 owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On PVH

Several large investors have recently made changes to their positions in the business. Vestcor Inc lifted its holdings in PVH by 134.8% in the 4th quarter. Vestcor Inc now owns 4,574 shares of the textile maker’s stock worth $484,000 after purchasing an additional 2,626 shares in the last quarter. Swiss National Bank raised its position in shares of PVH by 0.6% during the fourth quarter. Swiss National Bank now owns 109,800 shares of the textile maker’s stock valued at $11,611,000 after buying an additional 700 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of PVH by 65.7% during the fourth quarter. HighTower Advisors LLC now owns 9,145 shares of the textile maker’s stock worth $967,000 after acquiring an additional 3,625 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in PVH during the fourth quarter valued at $466,000. Finally, Channing Capital Management LLC lifted its stake in PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after purchasing an additional 316,876 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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.