PVH (NYSE:PVH) Stock Price Down 4.2% - Time to Sell?

Key Points

• PVH shares fell 4.2% intraday to about $86.96 on Monday with volume ~283,573 (down 73% vs. average), and MarketBeat shows a consensus rating of "Hold" with a consensus price target of $88.93.
• PVH beat Q1 expectations—EPS of $3.82 vs. $3.30 est. and revenue of $2.51B vs. $2.43B—yet the stock trades at a very high PE (~230.99), has a low net margin (0.28%) and a tiny annualized dividend yield (0.2%).
• Analyst views and price targets are mixed (ranging roughly from $74 to $120+), while institutional ownership is extremely high at 97.25%, with several large funds recently increasing their stakes.

PVH Corp. (NYSE:PVH - Get Free Report) shares dropped 4.2% during mid-day trading on Monday . The stock traded as low as $86.43 and last traded at $86.96. Approximately 283,573 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,066,304 shares. The stock had previously closed at $90.74.

Analyst Upgrades and Downgrades

Several analysts recently commented on PVH shares. The Goldman Sachs Group raised their price target on shares of PVH from $83.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. Jefferies Financial Group dropped their target price on PVH from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, January 27th. UBS Group cut their price target on PVH from $148.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, March 6th. BTIG Research reaffirmed a "buy" rating and issued a $100.00 price target on shares of PVH in a report on Wednesday, April 1st. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $74.00 price objective on shares of PVH in a report on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PVH has a consensus rating of "Hold" and a consensus price target of $88.93.

PVH Stock Down 3.1%

The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $68.87 and a two-hundred day simple moving average of $72.98. The company has a market cap of $4.03 billion, a PE ratio of 230.99, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.30 by $0.52. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.27 earnings per share. As a group, equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PVH's dividend payout ratio (DPR) is 39.47%.

Institutional Investors Weigh In On PVH

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in PVH by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker's stock worth $204,786,000 after buying an additional 54,635 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in PVH by 7.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,218,143 shares of the textile maker's stock worth $150,434,000 after purchasing an additional 145,430 shares during the last quarter. LSV Asset Management raised its stake in PVH by 8.4% during the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker's stock worth $142,595,000 after purchasing an additional 164,343 shares during the period. American Century Companies Inc. boosted its holdings in PVH by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 1,270,040 shares of the textile maker's stock valued at $106,391,000 after purchasing an additional 210,885 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of PVH by 68.4% during the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker's stock worth $100,273,000 after buying an additional 486,210 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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