PVH (NYSE:PVH) Shares Down 6.6% – What’s Next?

PVH Corp. (NYSE:PVH)’s share price traded down 6.6% on Monday . The stock traded as low as $83.64 and last traded at $83.6050. 182,180 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,074,364 shares. The stock had previously closed at $89.48.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. UBS Group dropped their target price on shares of PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Needham & Company LLC lifted their target price on shares of PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Jefferies Financial Group dropped their target price on shares of PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.93.

PVH Trading Down 2.7%

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 211.23, a price-to-earnings-growth ratio of 0.91 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52. The company’s 50 day simple moving average is $78.41 and its two-hundred day simple moving average is $74.04.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.52. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.27 EPS. Research analysts expect that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is 39.47%.

Institutional Trading of PVH

A number of institutional investors have recently added to or reduced their stakes in PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PVH by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock valued at $1,612,000 after acquiring an additional 5,240 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in PVH by 79.8% in the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after acquiring an additional 245,740 shares during the last quarter. Caxton Associates LLP acquired a new stake in PVH in the first quarter valued at approximately $226,000. United Services Automobile Association acquired a new stake in PVH in the first quarter valued at approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in PVH by 9.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock valued at $22,873,000 after acquiring an additional 30,077 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.