PVH (NYSE:PVH) Reaches New 1-Year Low – What’s Next?

PVH Corp. (NYSE:PVH) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $67.59 and last traded at $68.40, with a volume of 251685 shares trading hands. The stock had previously closed at $70.06.

Wall Street Analyst Weigh In

Several brokerages have commented on PVH. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays decreased their price objective 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. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PVH has an average rating of “Moderate Buy” and a consensus price target of $118.07.

PVH Stock Performance

The company’s fifty day moving average price is $86.95 and its two-hundred day moving average price is $96.10. The firm has a market capitalization of $3.75 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On PVH

Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. grew its stake in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd raised its position in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PVH during the 4th quarter valued at approximately $41,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PVH during the fourth quarter worth approximately $47,000. 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.