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

PVH Corp. (NYSE:PVHGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Investors of record on Wednesday, September 7th will be given a dividend of 0.038 per share by the textile maker on Wednesday, September 28th. This represents a $0.15 annualized dividend and a yield of 0.24%. The ex-dividend date is Tuesday, September 6th.

PVH has a dividend payout ratio of 1.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PVH to earn $10.30 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 1.5%.

PVH Stock Up 1.0 %

PVH stock traded up $0.65 during trading on Friday, reaching $64.38. The stock had a trading volume of 1,337,019 shares, compared to its average volume of 1,059,171. PVH has a one year low of $54.57 and a one year high of $125.42. The company’s 50 day moving average is $62.12 and its two-hundred day moving average is $75.07. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 4.64 and a beta of 2.03. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.42.

PVH (NYSE:PVHGet Rating) last announced its quarterly earnings results on Wednesday, June 1st. The textile maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.36. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. PVH had a net margin of 10.71% and a return on equity of 13.94%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. Equities research analysts forecast that PVH will post 8.77 EPS for the current year.

Wall Street Analysts Forecast Growth

PVH has been the subject of several research reports. Credit Suisse Group decreased their price objective on shares of PVH from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Citigroup dropped their price target on shares of PVH from $94.00 to $73.00 and set a “neutral” rating for the company in a research report on Sunday, June 5th. Piper Sandler reiterated a “neutral” rating and issued a $68.00 price target on shares of PVH in a research report on Friday, July 22nd. TheStreet lowered shares of PVH from a “b-” rating to a “c+” rating in a research report on Thursday, May 5th. Finally, StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.64.

Institutional Trading of PVH

A number of institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in shares of PVH by 1.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 14,483 shares of the textile maker’s stock valued at $1,157,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of PVH by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock valued at $877,000 after purchasing an additional 226 shares during the last quarter. Covestor Ltd raised its position in PVH by 69.3% during the 1st quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after buying an additional 244 shares during the last quarter. Captrust Financial Advisors raised its position in PVH by 38.3% during the 1st quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock worth $118,000 after buying an additional 425 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in PVH by 5.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,363 shares of the textile maker’s stock worth $717,000 after buying an additional 445 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

PVH Company Profile

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PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

Further Reading

Dividend History for PVH (NYSE:PVH)

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