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

PVH Corp. (NYSE:PVH) declared 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 annualized dividend and a yield of 0.19%.

PVH has increased its dividend payment by an average of 58.7% annually over the last three years. PVH has a dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 3.8 %

PVH traded down $3.17 during mid-day trading on Wednesday, hitting $79.34. 1,560,757 shares of the stock were exchanged, compared to its average volume of 1,072,528. The firm’s fifty day moving average is $102.33 and its two-hundred day moving average is $99.84. PVH has a 1-year low of $78.83 and a 1-year high of $141.15. 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 company has a market cap of $4.41 billion, a PE ratio of 6.46, a PEG ratio of 0.91 and a beta of 2.06.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Morgan Stanley reduced their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Barclays reduced their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $130.00 to $105.00 in a research report on Monday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average target price of $119.07.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred 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 directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.