PVH (NYSE:PVH) Reaches New 1-Year Low Following Analyst Downgrade

PVH Corp. (NYSE:PVH) reached a new 52-week low during trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $128.00 to $109.00. The Goldman Sachs Group currently has a buy rating on the stock. PVH traded as low as $68.80 and last traded at $70.15, with a volume of 920350 shares. The stock had previously closed at $71.25.

Several other analysts have also recently issued reports on PVH. Jefferies Financial Group decreased their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.07.

Insider Buying and Selling at PVH

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 transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of 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 in the last quarter. Franklin Resources Inc. grew its position in shares of PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares in the last quarter. Empowered Funds LLC grew its position in shares of PVH by 947.1% during the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock worth $8,371,000 after buying an additional 71,603 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of PVH by 16.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock worth $20,208,000 after buying an additional 26,390 shares in the last quarter. Finally, KBC Group NV grew its position in shares of PVH by 1,796.6% during the 4th quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock worth $3,217,000 after buying an additional 28,818 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Stock Down 1.5 %

The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $89.83 and a 200-day moving average price of $96.94. The firm has a market cap of $3.90 billion, a P/E ratio of 5.71, a P/E/G ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 EPS. On average, equities analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

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.