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

PVH Corp. (NYSE:PVH - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Wednesday, June 5th will be given a dividend of 0.0375 per share by the textile maker on Wednesday, June 26th. This represents a $0.15 annualized dividend and a yield of 0.14%.

PVH has increased its dividend payment by an average of 58.7% per year over the last three years. PVH has a payout ratio of 1.2% meaning its dividend is sufficiently covered by earnings. Analysts expect PVH to earn $12.72 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 Trading Up 0.8 %

NYSE PVH traded up $0.91 on Wednesday, hitting $109.71. 807,506 shares of the company were exchanged, compared to its average volume of 971,162. The company's 50 day moving average price is $124.23 and its 200-day moving average price is $111.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $6.33 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.08 and a beta of 2.20. PVH has a twelve month low of $69.27 and a twelve month high of $141.15.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.21. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 EPS. Analysts predict that PVH will post 10.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP James Holmes sold 3,000 shares of the company's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the transaction, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research reports. UBS Group upped their target price on PVH from $158.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. Telsey Advisory Group dropped their target price on PVH from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Wells Fargo & Company dropped their target price on PVH from $150.00 to $138.00 and set an "overweight" rating on the stock in a report on Tuesday, April 2nd. Finally, Barclays dropped their target price on PVH from $157.00 to $149.00 and set an "overweight" rating on the stock in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $128.50.

PVH declared that its Board of Directors has authorized a share repurchase plan on Monday, April 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 24% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.