PVH (NYSE:PVH) Reaches New 12-Month Low – Should You Sell?

PVH Corp. (NYSE:PVH)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $77.88 and last traded at $77.79, with a volume of 42895 shares changing hands. The stock had previously closed at $78.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on PVH. 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. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Jefferies Financial Group dropped their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.07.

PVH Price Performance

The stock has a 50 day simple moving average of $99.29 and a two-hundred day simple moving average of $99.10. The firm has a market cap of $4.37 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is presently 1.22%.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were 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 of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of PVH

Several large investors have recently modified their holdings of PVH. Venturi Wealth Management LLC increased its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. boosted its holdings in shares of PVH by 78.5% in the 4th 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 during the period. Covestor Ltd boosted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

About PVH

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.