PVH (PVH) Trading Down 5.8%

Shares of PVH Corp (NYSE:PVH) traded down 5.8% during mid-day trading on Monday . The company traded as low as $112.02 and last traded at $112.50. 1,536,913 shares were traded during trading, an increase of 40% from the average session volume of 1,098,229 shares. The stock had previously closed at $119.39.

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of PVH from $120.00 to $128.00 and gave the stock a “neutral” rating in a report on Friday, March 29th. JPMorgan Chase & Co. raised their price objective on shares of PVH from $132.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Zacks Investment Research cut shares of PVH from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. DA Davidson raised their price objective on shares of PVH to $150.00 and gave the stock a “buy” rating in a report on Friday, March 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $155.00 price objective (up previously from $145.00) on shares of PVH in a report on Friday, March 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $146.40.

The firm has a market cap of $8.44 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.71.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.08. PVH had a net margin of 7.73% and a return on equity of 13.12%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm posted $1.58 EPS. PVH’s quarterly revenue was down .6% on a year-over-year basis. Research analysts predict that PVH Corp will post 10.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.56%.

PVH declared that its board has authorized a share repurchase plan on Wednesday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the textile maker to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, CEO Francis K. Duane sold 6,171 shares of PVH stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total value of $785,383.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Dana Perlman sold 1,054 shares of PVH stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $135,881.68. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in PVH during the 4th quarter worth approximately $28,000. Quantamental Technologies LLC acquired a new stake in PVH during the 4th quarter worth approximately $28,000. Ropes Wealth Advisors LLC acquired a new stake in PVH during the 1st quarter worth approximately $40,000. CSat Investment Advisory L.P. increased its position in PVH by 146.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock worth $35,000 after purchasing an additional 223 shares in the last quarter. Finally, Coastal Investment Advisors Inc. acquired a new stake in PVH during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.

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About PVH (NYSE:PVH)

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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