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

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, October 30th,RTT News reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, December 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th.

PVH has increased its dividend payment by an average of 58.7% per year over the last three years. PVH has a payout ratio of 1.2% meaning its dividend is sufficiently covered by earnings. Analysts expect PVH to earn $12.58 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

NYSE PVH opened at $107.74 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH has a 12 month low of $86.40 and a 12 month high of $141.15. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.94 and a beta of 2.11. The company’s 50 day moving average is $98.70 and its two-hundred day moving average is $103.30.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.98 EPS. As a group, research analysts anticipate that PVH will post 11.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PVH shares. Telsey Advisory Group lowered their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group cut their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Morgan Stanley decreased their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. TD Cowen reduced their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America cut PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.53.

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.