PVH (NYSE:PVH) Reaches New 52-Week Low – Should You Sell?

PVH Corp. (NYSE:PVH) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $61.36 and last traded at $61.65, with a volume of 1376545 shares. The stock had previously closed at $65.98.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Citigroup reiterated a “neutral” rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research report on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Finally, UBS Group decreased their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $107.13.

PVH Stock Down 8.6 %

The firm has a fifty day simple moving average of $74.03 and a 200 day simple moving average of $91.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $3.35 billion, a PE ratio of 4.91, a PEG ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 earnings per share. Equities research analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

Institutional Investors Weigh In On PVH

A number of large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after acquiring an additional 4,645 shares during the period. Bank of New York Mellon Corp lifted its position in shares of PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Clark Estates Inc. NY purchased a new position in shares of PVH in the fourth quarter valued at $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in PVH during the 4th quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

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.