PVH Corp. Plans Quarterly Dividend of $0.04 (NYSE:PVH)

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.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $1.50 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post $7.54 EPS for the current year.

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.

Dividend History for PVH Corp. (NYSE:PVH)

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