Shares of PVH Corp. (NYSE:PVH – Get Rating) dropped 3.7% during trading on Wednesday after Credit Suisse Group lowered their price target on the stock from $145.00 to $112.00. Credit Suisse Group currently has an outperform rating on the stock. PVH traded as low as $85.10 and last traded at $85.17. Approximately 16,594 shares were traded during trading, a decline of 99% from the average daily volume of 1,709,406 shares. The stock had previously closed at $88.48.
Several other equities research analysts have also weighed in on PVH. Wedbush lowered shares of PVH from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $85.00 in a research note on Monday, March 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PVH from $123.00 to $125.00 and gave the stock a “hold” rating in a research note on Friday, December 3rd. Citigroup dropped their price objective on shares of PVH from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, December 3rd. Bank of America increased their price objective on shares of PVH from $136.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. Finally, Piper Sandler raised their price target on shares of PVH from $137.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $119.56.
Several institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in PVH during the second quarter worth approximately $313,000. Thrivent Financial for Lutherans boosted its holdings in PVH by 107.6% during the second quarter. Thrivent Financial for Lutherans now owns 31,045 shares of the textile maker’s stock worth $3,341,000 after buying an additional 16,092 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in PVH by 13.5% during the third quarter. Pacer Advisors Inc. now owns 4,556 shares of the textile maker’s stock worth $468,000 after buying an additional 542 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in PVH during the third quarter worth approximately $304,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in PVH by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 4,479 shares of the textile maker’s stock worth $460,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.
The stock’s fifty day moving average is $90.00 and its two-hundred day moving average is $102.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.45 and a quick ratio of 0.93. The stock has a market capitalization of $5.96 billion, a P/E ratio of 12.69, a PEG ratio of 0.15 and a beta of 2.24.
PVH (NYSE:PVH – Get Rating) last posted its quarterly earnings data on Tuesday, March 29th. The textile maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.84. PVH had a net margin of 5.72% and a return on equity of 10.13%. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted ($0.38) EPS. The company’s revenue was up 16.3% on a year-over-year basis. Analysts expect that PVH Corp. will post 9.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 30th. Investors of record on Friday, March 11th will be paid a $0.038 dividend. This is a positive change from PVH’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, March 10th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. PVH’s dividend payout ratio (DPR) is currently 2.15%.
About PVH (NYSE:PVH)
PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.
