PVH (NYSE:PVH) Sets New 52-Week Low – Time to Sell?

PVH Corp. (NYSE:PVH)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $88.60 and last traded at $92.15, with a volume of 2652288 shares traded. The stock had previously closed at $99.01.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PVH shares. Barclays upped their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America lowered PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Price Performance

The company has a market cap of $5.13 billion, a PE ratio of 7.50, a PEG ratio of 1.02 and a beta of 2.09. The firm’s 50-day moving average is $105.51 and its 200-day moving average is $101.21. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $2.90 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. On average, equities analysts anticipate that PVH Corp. will post 11.68 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on 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 owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of PVH

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in PVH in the second quarter worth $25,000. Venturi Wealth Management LLC raised its position in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. boosted its stake in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd grew its position 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased 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 in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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.