PVH (NYSE:PVH) Sets New 1-Year Low After Analyst Downgrade

PVH Corp. (NYSE:PVH) shares reached a new 52-week low during mid-day trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $128.00 to $109.00. The Goldman Sachs Group currently has a buy rating on the stock. PVH traded as low as $68.80 and last traded at $70.15, with a volume of 920350 shares changing hands. The stock had previously closed at $71.25.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley decreased their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group decreased their target price on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Barclays reduced their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd boosted its stake in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH in the fourth quarter worth about $47,000. Finally, GAMMA Investing LLC boosted its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Up 1.6 %

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 stock has a market cap of $4.03 billion, a PE ratio of 5.89, a P/E/G ratio of 0.77 and a beta of 2.10. The business has a 50 day moving average price of $89.08 and a 200 day moving average price of $96.76.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping 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 return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.90 earnings per share. Equities research analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. PVH’s payout ratio is currently 1.22%.

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.