PVH (NYSE:PVH) Hits New 12-Month Low at $67.45

PVH Corp (NYSE:PVH)’s stock price reached a new 52-week low on Thursday . The company traded as low as $67.45 and last traded at $67.90, with a volume of 5800 shares traded. The stock had previously closed at $69.36.

PVH has been the subject of a number of recent research reports. Bank of America set a $165.00 target price on PVH and gave the stock a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley dropped their target price on PVH from $164.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Piper Jaffray Companies dropped their target price on PVH from $146.00 to $121.00 and set an “in-line” rating for the company in a research report on Thursday, May 30th. DA Davidson dropped their target price on PVH to $105.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, ValuEngine downgraded PVH from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $125.32.

The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $86.79. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 0.58 and a beta of 1.40.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 29th. The textile maker reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.02. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. PVH had a return on equity of 13.03% and a net margin of 6.69%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS. Analysts anticipate that PVH Corp will post 10.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be paid a $0.038 dividend. This is a boost from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, August 29th. PVH’s payout ratio is 1.56%.

In related news, Director Henry Nasella purchased 1,200 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were acquired at an average cost of $82.84 per share, with a total value of $99,408.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of PVH by 0.4% during the second quarter. Vanguard Group Inc. now owns 8,136,732 shares of the textile maker’s stock valued at $770,060,000 after buying an additional 29,061 shares during the period. FMR LLC grew its stake in PVH by 13.9% in the first quarter. FMR LLC now owns 7,692,951 shares of the textile maker’s stock worth $938,155,000 after purchasing an additional 936,855 shares during the period. JPMorgan Chase & Co. grew its stake in PVH by 7.2% in the second quarter. JPMorgan Chase & Co. now owns 5,681,044 shares of the textile maker’s stock worth $529,929,000 after purchasing an additional 383,485 shares during the period. Pzena Investment Management LLC grew its stake in PVH by 54.3% in the second quarter. Pzena Investment Management LLC now owns 3,001,404 shares of the textile maker’s stock worth $284,053,000 after purchasing an additional 1,055,649 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in PVH by 75.7% in the second quarter. Bank of New York Mellon Corp now owns 1,455,221 shares of the textile maker’s stock worth $137,721,000 after purchasing an additional 627,188 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

About PVH (NYSE:PVH)

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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