PVH Corp. (NYSE:PVH) Declares $0.04 Quarterly Dividend

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, October 30th,RTT News reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.0375 per share by the textile maker on Wednesday, December 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th.

PVH has increased its dividend payment by an average of 58.7% annually over the last three years. PVH has a payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PVH to earn $12.58 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 Up 3.7 %

Shares of NYSE:PVH opened at $107.74 on Tuesday. The stock’s 50-day moving average is $98.70 and its 200 day moving average is $103.30. The company has a market cap of $6.01 billion, a PE ratio of 8.55, a P/E/G ratio of 0.94 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH has a 1 year low of $86.40 and a 1 year high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $1.98 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that PVH will post 11.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. TD Cowen decreased their price objective on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Morgan Stanley reduced their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Finally, Wells Fargo & Company decreased their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.