PVH (NYSE:PVH) Shares Gap Down to $96.94

PVH Corp. (NYSE:PVH)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $96.94, but opened at $94.85. PVH shares last traded at $95.97, with a volume of 107,225 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on PVH. Evercore ISI boosted their price objective on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Morgan Stanley cut their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group cut their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group lowered their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.40.

PVH Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.36 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.74 and a beta of 2.12. The company has a 50 day moving average price of $98.31 and a 200 day moving average price of $109.77.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 EPS. On average, equities analysts predict that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Hedge Funds Weigh In On PVH

A number of hedge funds have recently added to or reduced their stakes in PVH. Teachers Retirement System of The State of Kentucky increased its holdings in PVH by 5.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 35,202 shares of the textile maker’s stock valued at $3,727,000 after buying an additional 1,783 shares during the period. Aristides Capital LLC bought a new position in PVH in the second quarter valued at approximately $241,000. Quarry LP raised its position in PVH by 1,984.8% during the second quarter. Quarry LP now owns 1,918 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 1,826 shares in the last quarter. Creative Planning lifted its stake in PVH by 5.0% during the second quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock worth $653,000 after purchasing an additional 296 shares during the last quarter. Finally, Clearline Capital LP acquired a new stake in shares of PVH in the 2nd quarter valued at $9,410,000. Institutional investors own 97.25% of the company’s stock.

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.