PVH Corp. Declares Quarterly Dividend of $0.04 (PVH)
PVH Corp. (NYSE:PVH) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.038 per share by the textile maker on Wednesday, December 20th. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Tuesday, November 21st.
PVH Corp. has a dividend payout ratio of 1.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect PVH Corp. to earn $8.83 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 1.7%.
Shares of PVH Corp. (PVH) traded up $0.05 during midday trading on Thursday, reaching $126.88. The company’s stock had a trading volume of 798,300 shares, compared to its average volume of 1,009,889. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $133.24. The company has a current ratio of 1.80, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The firm has a market cap of $9,819.74, a price-to-earnings ratio of 17.69, a PEG ratio of 1.26 and a beta of 0.59.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. PVH Corp.’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. equities analysts anticipate that PVH Corp. will post 7.73 EPS for the current year.
In other news, EVP Mark D. Fischer sold 5,589 shares of PVH Corp. stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David F. Kozel sold 8,867 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The disclosure for this sale can be found here. Insiders have sold 39,307 shares of company stock worth $4,980,787 over the last ninety days. 1.30% of the stock is owned by insiders.
Several research analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of PVH Corp. in a research report on Wednesday, November 1st. Cowen and Company set a $140.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded PVH Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Piper Jaffray Companies restated a “buy” rating and set a $148.00 price objective on shares of PVH Corp. in a research report on Sunday, October 1st. Finally, Bank of America Corporation initiated coverage on PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $138.71.
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PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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