PVH Corp. (NYSE:PVH – Get Free Report) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Wednesday, March 4th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, March 4th.
PVH has a dividend payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PVH to earn $12.09 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 Price Performance
Shares of NYSE:PVH opened at $64.69 on Thursday. PVH has a one year low of $59.28 and a one year high of $89.79. The company’s fifty day moving average price is $69.62 and its 200-day moving average price is $76.49. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.07 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72.
Institutional Investors Weigh In On PVH
A number of institutional investors and hedge funds have recently bought and sold shares of PVH. Danske Bank A S bought a new position in PVH during the third quarter valued at $25,000. Saranac Partners Ltd bought a new stake in shares of PVH during the third quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of PVH in the second quarter worth about $38,000. Hantz Financial Services Inc. grew its stake in PVH by 1,284.4% during the second quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 578 shares in the last quarter. Finally, Quarry LP purchased a new stake in PVH in the 3rd quarter worth approximately $58,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
About PVH
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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