PVH (NYSE:PVH) Stock Price Down 5% – Time to Sell?

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on PVH shares. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Barclays boosted their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Finally, Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Trading Down 6.6 %

The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $105.51 and a 200 day moving average of $101.21. The company has a market cap of $5.14 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.02 and a beta of 2.09.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS. On average, analysts predict that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On PVH

A number of large investors have recently modified their holdings of PVH. Pacer Advisors Inc. lifted its position in PVH by 13,275.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after acquiring an additional 1,213,069 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 worth $245,668,000 after buying an additional 296,040 shares during the last quarter. Point72 Asset Management L.P. grew its position in PVH by 6,471.3% during the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after buying an additional 284,739 shares during the period. Swedbank AB purchased a new stake in PVH during the third quarter worth about $17,542,000. Finally, Marshall Wace LLP bought a new position in shares of PVH during the 2nd quarter valued at approximately $12,532,000. 97.25% of the stock is currently owned by 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.