PVH Corp. (NYSE:PVH – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.0375 per share by the textile maker on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 2nd.
PVH has raised its dividend by an average of 0.3%annually over the last three years. PVH has a payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PVH to earn $12.28 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 Stock Down 0.7%
Shares of PVH stock opened at $86.49 on Friday. PVH has a 52-week low of $59.60 and a 52-week high of $100.75. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.28 and a beta of 1.74. The firm’s 50-day moving average is $80.65 and its 200-day moving average is $77.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.68.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of PVH in a research note on Friday, June 5th. Wells Fargo & Company reduced their price objective on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Needham & Company LLC decreased their price objective on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Bank of America reissued an “underperform” rating and issued a $70.00 price objective (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Finally, BTIG Research restated a “buy” rating and set a $100.00 target price on shares of PVH in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.62.
Check Out Our Latest Analysis on PVH
PVH Company Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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