PVH Corp. (NYSE:PVH) declared a quarterly dividend on Monday, July 31st, Zacks reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.038 per share by the textile maker on Friday, September 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Tuesday, August 22nd.
PVH Corp. has a payout ratio of 2.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PVH Corp. to earn $8.57 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 1.8%.
PVH Corp. (PVH) opened at 121.05 on Friday. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $126.11. The stock’s 50 day moving average is $117.97 and its 200-day moving average is $103.75. The firm has a market capitalization of $9.42 billion, a PE ratio of 25.03 and a beta of 0.51.
A number of research analysts have recently commented on PVH shares. J P Morgan Chase & Co upgraded PVH Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $116.00 to $125.00 in a report on Thursday, May 25th. Credit Suisse Group upgraded PVH Corp. from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $114.00 to $136.00 in a report on Tuesday, May 30th. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the company a “buy” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $126.53.
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In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Fischer sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 59,627 shares of company stock worth $6,584,743. Insiders own 1.30% of the company’s stock.
About PVH Corp.
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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