PVH Corp. (PVH) to Issue Quarterly Dividend of $0.04 on December 19th
PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 23rd will be paid a dividend of 0.0375 per share on Monday, December 19th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Monday, November 21st.
PVH Corp. (NYSE:PVH) opened at 108.60 on Wednesday. The firm has a market capitalization of $8.71 billion, a P/E ratio of 13.15 and a beta of 0.77. PVH Corp. has a one year low of $64.16 and a one year high of $115.40. The stock’s 50 day moving average is $108.94 and its 200 day moving average is $101.30.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that PVH Corp. will post $6.66 earnings per share for the current fiscal year.
Several brokerages recently issued reports on PVH. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $124.00 price target on shares of PVH Corp. in a research report on Thursday, September 8th. Guggenheim began coverage on shares of PVH Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $125.00 price target on the stock. Brean Capital reiterated a “buy” rating and set a $124.00 price target (up previously from $122.00) on shares of PVH Corp. in a research report on Monday, August 29th. Finally, Citigroup Inc. reduced their price target on shares of PVH Corp. from $110.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, August 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $112.78.
In other news, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $112.50, for a total value of $112,500.00. Following the completion of the sale, the executive vice president now directly owns 16,732 shares of the company’s stock, valued at $1,882,350. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Francis K. Duane sold 25,405 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total transaction of $2,845,360.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of PVH Corp. by 3.2% in the second quarter. FMR LLC now owns 4,119,158 shares of the company’s stock worth $388,148,000 after buying an additional 127,944 shares during the period. Bessemer Group Inc. boosted its stake in shares of PVH Corp. by 4.4% in the second quarter. Bessemer Group Inc. now owns 1,439,356 shares of the company’s stock worth $135,630,000 after buying an additional 60,810 shares during the period. BlackRock Fund Advisors boosted its stake in shares of PVH Corp. by 1.5% in the second quarter. BlackRock Fund Advisors now owns 1,273,418 shares of the company’s stock worth $119,994,000 after buying an additional 18,911 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of PVH Corp. by 9,731.3% in the second quarter. Point72 Asset Management L.P. now owns 471,900 shares of the company’s stock worth $44,467,000 after buying an additional 467,100 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of PVH Corp. by 9.4% in the second quarter. TIAA CREF Investment Management LLC now owns 467,244 shares of the company’s stock worth $44,028,000 after buying an additional 40,166 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.
About PVH Corp.
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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