PVH (NYSE:PVH) Trading Down 6.6% – Time to Sell?

Shares of PVH Corp. (NYSE:PVH) dropped 6.6% during trading on Monday . The company traded as low as $83.64 and last traded at $83.6050. Approximately 182,180 shares were traded during trading, a decline of 83% from the average daily volume of 1,074,364 shares. The stock had previously closed at $89.48.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PVH. Telsey Advisory Group restated a “market perform” rating and issued a $74.00 price objective on shares of PVH in a research note on Wednesday, April 1st. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of PVH in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Sunday. The Goldman Sachs Group boosted their price objective on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Jefferies Financial Group cut their price objective on shares of PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.93.

PVH Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $77.17 and a 200 day moving average of $74.06. The stock has a market capitalization of $3.83 billion, a P/E ratio of 219.78, a PEG ratio of 0.99 and a beta of 1.73.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.52. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 EPS. Research analysts anticipate that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s dividend payout ratio is 39.47%.

Institutional Investors Weigh In On PVH

Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management lifted its position in shares of PVH by 47.8% during the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock worth $164,466,000 after buying an additional 634,887 shares during the period. Barclays PLC grew its position in PVH by 68.4% in the third quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock valued at $100,273,000 after acquiring an additional 486,210 shares during the period. Goldman Sachs Group Inc. raised its stake in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after acquiring an additional 245,740 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in PVH during the third quarter worth $18,167,000. Finally, American Century Companies Inc. lifted its holdings in shares of PVH by 19.9% during the third quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker’s stock valued at $106,391,000 after acquiring an additional 210,885 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Company Profile

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.