PVH Corp. (PVH) To Go Ex-Dividend on November 27th

PVH Corp. (NYSE:PVH) announced a quarterly dividend on Wednesday, October 30th,RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.0375 per share by the textile maker on Wednesday, December 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th.

PVH has raised its dividend payment by an average of 58.7% annually 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 $12.58 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 Stock Performance

PVH stock opened at $103.87 on Monday. The business has a 50 day moving average of $98.46 and a 200-day moving average of $103.36. The firm has a market cap of $5.80 billion, a PE ratio of 8.24, a P/E/G ratio of 0.94 and a beta of 2.11. PVH has a 12-month low of $85.49 and a 12-month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 EPS. As a group, sell-side analysts expect that PVH will post 11.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company reduced their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. BMO Capital Markets cut their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. TD Cowen reduced their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley dropped their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.53.

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.