PVH (NYSE:PVH) Shares Gap Down – Time to Sell?

PVH Corp. (NYSE:PVH)’s share price gapped down before the market opened on Friday . The stock had previously closed at $96.32, but opened at $94.29. PVH shares last traded at $93.97, with a volume of 180,265 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PVH shares. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $113.00 in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Guggenheim upped their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays lifted their price objective on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.73.

PVH Stock Down 6.3 %

The firm has a market capitalization of $5.02 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The company’s fifty day simple moving average is $104.18 and its 200 day simple moving average is $100.67. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 EPS. Research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is 1.22%.

Insider Activity

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PVH

Hedge funds have recently bought and sold shares of the company. Swedbank AB increased its stake in PVH by 153.2% during the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of PVH by 81.6% during the fourth quarter. Hantz Financial Services Inc. now owns 6,347 shares of the textile maker’s stock valued at $671,000 after acquiring an additional 2,851 shares in the last quarter. Pacer Advisors Inc. raised its holdings in PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after acquiring an additional 36,719 shares during the last quarter. KBC Group NV lifted its position in PVH by 1,796.6% in the 4th quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock valued at $3,217,000 after acquiring an additional 28,818 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in PVH by 2,194.8% during the 4th quarter. SG Americas Securities LLC now owns 70,727 shares of the textile maker’s stock valued at $7,479,000 after purchasing an additional 67,645 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

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.