PVH Corp. (NYSE:PVH – Get Rating) announced a quarterly dividend on Monday, May 2nd, Zacks reports. Investors of record on Wednesday, June 8th will be paid a dividend of 0.038 per share by the textile maker on Wednesday, June 29th. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date is Tuesday, June 7th.
PVH has decreased its dividend by an average of 37.0% annually over the last three years. PVH has a payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PVH to earn $10.70 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 1.4%.
Shares of NYSE PVH opened at $71.96 on Friday. PVH has a one year low of $60.35 and a one year high of $125.42. The firm has a market capitalization of $4.89 billion, a PE ratio of 5.19, a PEG ratio of 1.32 and a beta of 2.07. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $72.66 and a two-hundred day moving average price of $88.78.
In related news, EVP Dana Perlman sold 455 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $80.50, for a total value of $36,627.50. Following the completion of the sale, the executive vice president now directly owns 16,409 shares in the company, valued at approximately $1,320,924.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PVH. Covestor Ltd increased its position in PVH by 69.3% in the 1st quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after buying an additional 244 shares during the period. Captrust Financial Advisors increased its position in PVH by 38.3% in the 1st quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock worth $118,000 after buying an additional 425 shares during the period. Federated Hermes Inc. increased its position in PVH by 44.0% in the 1st quarter. Federated Hermes Inc. now owns 2,512 shares of the textile maker’s stock worth $193,000 after buying an additional 767 shares during the period. CIBC World Markets Inc. bought a new position in PVH in the 4th quarter worth approximately $203,000. Finally, Squarepoint Ops LLC bought a new position in PVH in the 4th quarter worth approximately $215,000. 98.34% of the stock is currently owned by institutional investors.
PVH has been the subject of a number of research reports. Zacks Investment Research lowered PVH from a “hold” rating to a “sell” rating and set a $89.00 price objective for the company. in a research report on Monday, March 28th. StockNews.com initiated coverage on PVH in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Telsey Advisory Group reduced their price target on PVH from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on PVH from $125.00 to $99.00 and set a “hold” rating for the company in a report on Friday, April 1st. Finally, Bank of America lifted their price target on PVH from $136.00 to $156.00 and gave the company a “buy” rating in a report on Thursday, February 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PVH currently has an average rating of “Hold” and an average target price of $107.56.
About PVH (Get Rating)
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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