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

PVH Corp. (NYSE:PVH) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Investors of record on Wednesday, September 4th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, September 25th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Wednesday, September 4th.

PVH has raised its dividend by an average of 58.7% per year over the last three years. PVH has a dividend payout ratio of 1.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect PVH to earn $12.87 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 Stock Up 1.9 %

Shares of PVH stock opened at $98.69 on Tuesday. The company has a fifty day moving average price of $101.53 and a 200 day moving average price of $113.93. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. Equities research analysts forecast that PVH will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

PVH has been the topic of several recent analyst reports. TD Cowen cut their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Bank of America cut their price target on shares of PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Wells Fargo & Company reduced their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.73.

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.