PVH Corp (NYSE:PVH) gapped down prior to trading on Wednesday . The stock had previously closed at $96.84, but opened at $92.50. PVH shares last traded at $89.57, with a volume of 2,941,003 shares changing hands.

Several analysts have commented on the company. ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Goldman Sachs Group set a €100.00 ($116.28) target price on Henkel AG & Co KGaA and gave the stock a “buy” rating in a research note on Wednesday. Nomura cut their target price on GAP from $22.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. JPMorgan Chase & Co. raised China Life Insurance from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $125.32.

The stock’s fifty day simple moving average is $90.52. The company has a market cap of $6.78 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 1.47.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 29th. The textile maker reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast that PVH Corp will post 10.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Tuesday, May 21st. PVH’s dividend payout ratio (DPR) is currently 1.56%.

PVH declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the textile maker to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In related news, Director Henry Nasella acquired 1,200 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $82.84 per share, with a total value of $99,408.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in PVH by 2,000.0% in the second quarter. Valeo Financial Advisors LLC now owns 315 shares of the textile maker’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in PVH by 146.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock worth $35,000 after purchasing an additional 223 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new position in PVH in the first quarter worth about $40,000. Northwestern Mutual Wealth Management Co. grew its stake in PVH by 17.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 817 shares of the textile maker’s stock worth $100,000 after purchasing an additional 123 shares in the last quarter. Finally, Quantamental Technologies LLC grew its stake in PVH by 196.7% in the first quarter. Quantamental Technologies LLC now owns 899 shares of the textile maker’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.

PVH Company Profile (NYSE:PVH)

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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