PVH Corp. (PVH) to Issue $0.04 Quarterly Dividend

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Thursday, July 28th. Shareholders of record on Wednesday, August 24th will be paid a dividend of 0.0375 per share on Thursday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Monday, August 22nd.

In related news, Director Edward R. Rosenfeld acquired 1,000 shares of PVH Corp. stock in a transaction dated Friday, June 17th. The shares were acquired at an average cost of $98.64 per share, for a total transaction of $98,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of PVH Corp. (NYSE:PVH) traded down 0.85% during trading on Thursday, reaching $99.62. The company had a trading volume of 651,875 shares. The firm has a 50-day moving average of $97.14 and a 200 day moving average of $88.55. The firm has a market capitalization of $8.05 billion and a price-to-earnings ratio of 11.94. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $120.67.

PVH Corp. (NYSE:PVH) last posted its earnings results on Wednesday, May 25th. The company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.07. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share. On average, equities research analysts forecast that PVH Corp. will post $6.54 earnings per share for the current year.

PVH has been the topic of a number of research reports. Deutsche Bank AG restated a “buy” rating on shares of PVH Corp. in a report on Tuesday, April 12th. Brean Capital restated a “buy” rating and issued a $111.00 price objective (up previously from $102.00) on shares of PVH Corp. in a report on Thursday, March 31st. Wunderlich reaffirmed a “buy” rating and issued a $125.00 target price on shares of PVH Corp. in a research note on Monday, May 23rd. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, July 5th. Finally, TheStreet raised PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. PVH Corp. currently has a consensus rating of “Buy” and an average target price of $107.24.

PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned brands, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J.