PVH Corp. (NYSE:PVH) Short Interest Update

PVH Corp. (NYSE:PVH - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 4,870,000 shares, an increase of 131.9% from the March 31st total of 2,100,000 shares. Currently, 9.3% of the company's stock are short sold. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley cut their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group lowered their price objective on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. UBS Group lowered their price objective on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Barclays dropped their target price on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group cut their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PVH presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.00.

PVH Price Performance

NYSE:PVH traded down $0.22 during mid-day trading on Thursday, reaching $68.76. 773,280 shares of the stock were exchanged, compared to its average volume of 954,838. The business has a fifty day moving average price of $69.10 and a 200 day moving average price of $88.08. The firm has a market capitalization of $3.62 billion, a PE ratio of 5.60, a PEG ratio of 0.77 and a beta of 1.89. PVH has a 1-year low of $59.28 and a 1-year high of $124.68. 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 - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH's revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS. Research analysts expect that PVH will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's payout ratio is presently 1.42%.

Institutional Investors Weigh In On PVH

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after acquiring an additional 4,645 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after buying an additional 144,260 shares during the last quarter. Clark Estates Inc. NY acquired a new stake in shares of PVH during the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI acquired a new position in PVH during the fourth quarter valued at approximately $466,000. Finally, Allspring Global Investments Holdings LLC grew its stake in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after buying an additional 759,656 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Company Profile

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.