PVH Corp (NYSE:PVH) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Investors of record on Thursday, February 28th will be paid a dividend of 0.0375 per share by the textile maker on Friday, March 29th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, February 27th.
PVH has a payout ratio of 1.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect PVH to earn $10.23 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%.
NYSE:PVH traded up $1.89 during trading hours on Monday, reaching $112.78. The company’s stock had a trading volume of 685,383 shares, compared to its average volume of 1,106,707. The stock has a market cap of $8.47 billion, a PE ratio of 14.20, a PEG ratio of 0.84 and a beta of 1.07. PVH has a 1 year low of $86.46 and a 1 year high of $169.22. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.
PVH (NYSE:PVH) last issued its earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 EPS. Sell-side analysts anticipate that PVH will post 9.5 EPS for the current year.
A number of research firms have issued reports on PVH. Cowen cut shares of PVH from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $142.00 to $119.00 in a research report on Tuesday, January 22nd. Barclays restated a “buy” rating and issued a $140.00 price objective on shares of PVH in a research report on Sunday, January 13th. Nomura decreased their price objective on shares of PVH from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 11th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective (down previously from $155.00) on shares of PVH in a research report on Friday, January 11th. Finally, Royal Bank of Canada began coverage on shares of PVH in a research report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $147.76.
In other news, CEO Emanuel Chirico bought 10,000 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average price of $95.51 per share, for a total transaction of $955,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig W. Rydin bought 1,050 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of $94.09 per share, for a total transaction of $98,794.50. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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