PVH (NYSE:PVH) Sets New 1-Year Low After Analyst Downgrade

PVH Corp. (NYSE:PVH)’s stock price 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 changing hands. The stock had previously closed at $71.25.

Several other equities research analysts have also recently commented on PVH. Guggenheim increased their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays cut their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and cut their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PVH. Venturi Wealth Management LLC raised its stake in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. raised its stake in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares in the last quarter. Covestor Ltd raised its stake in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in PVH in the fourth quarter valued at $41,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PVH during the fourth quarter worth about $47,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

The stock has a 50-day moving average price of $89.08 and a 200 day moving average price of $96.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping 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 business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $2.90 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

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.