PVH Corp. (NYSE:PVH) Declares $0.04 Quarterly Dividend

PVH Corp. (NYSE:PVH) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, March 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%.

PVH has raised its dividend payment by an average of 58.7% per year over the last three years. PVH has a dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PVH to earn $12.09 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 1.2%.

PVH Stock Performance

Shares of PVH stock traded down $3.17 on Wednesday, reaching $79.34. 1,560,757 shares of the stock were exchanged, compared to its average volume of 1,072,528. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a twelve month low of $78.83 and a twelve month high of $141.15. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.91 and a beta of 2.06. The business has a 50 day moving average price of $102.33 and a two-hundred day moving average price of $99.84.

PVH (NYSE:PVH) last announced its quarterly 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. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the company posted $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that PVH will post 11.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value 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. This represents a 12.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PVH. Barclays decreased their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley decreased their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $130.00 to $105.00 in a research note on Monday. Finally, Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and an average target price of $119.07.

PVH Company Profile

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.