PVH Corp Declares Quarterly Dividend of $0.04 (PVH)
PVH Corp (NYSE:PVH) announced a quarterly dividend on Tuesday, May 13th, Stock Ratings Network reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.0375 per share on Thursday, June 19th. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, May 21st.
A number of research firms have recently commented on PVH. Analysts at JPMorgan Chase & Co. raised their price target on shares of PVH Corp from $130.00 to $131.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Bank of America reiterated a “neutral” rating on shares of PVH Corp in a research note on Friday, April 11th. They now have a $125.00 price target on the stock, up previously from $120.00. Finally, analysts at Barclays raised their price target on shares of PVH Corp from $140.00 to $150.00 in a research note on Wednesday, April 2nd. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $143.90.
Shares of PVH Corp (NYSE:PVH) traded down 0.18% during mid-day trading on Tuesday, hitting $132.64. 604,416 shares of the company’s stock traded hands. PVH Corp has a 52-week low of $107.09 and a 52-week high of $138.94. The stock’s 50-day moving average is $124.2 and its 200-day moving average is $125.7. The company has a market cap of $10.904 billion and a price-to-earnings ratio of 76.50. PVH Corp also was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 4,141,554 shares, an increase of 59.3% from the March 31st total of 2,599,242 shares. Based on an average trading volume of 1,238,172 shares, the short-interest ratio is presently 3.3 days. Currently, 5.1% of the company’s stock are short sold.
PVH Corp (NYSE:PVH) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $1.60 earnings per share. PVH Corp’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that PVH Corp will post $7.51 EPS for the current fiscal year.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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