As of Friday close, PVH Corp.’s (NYSE:PVH) stock was up $1.06, moving up 1.31 percent to $82.27. The average number of shares traded per day over the past five days has been 685,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.71 fall in that time frame. In the last twenty days, the average volume was 701,295, while in the previous 50 days, it was 779,910.
Since last month, PVH stock retreated -6.05%. Shares of the company fell to $79.75 on 08/18/23, the lowest level in the past month. A 52-week high of $94.51 was reached on 02/02/23 after having rallying from a 52-week low of $43.49. Since the beginning of this year, PVH’s stock price has risen by 16.55% or $11.68, and marked a new high 15 times. However, the stock has declined by -12.95% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
PVH stock investors should be aware that PVH Corp. (PVH) stock had its last reported insider trading activity 220 days ago on Jan 11. FISCHER MARK D, the EVP, General Counsel & Sec. of the company, disposed of 1,732 shares for $81.00 on Jan 11. It resulted in a $140,292 divestment by the insider. HOLMES JAMES sold 4,417 shares at an average price of $74.68 on Dec 09. The insider now owns 15,420 shares following the transaction. On Sep 06, Chief Executive Officer Larsson Stefan bought 18,540 shares at $53.94 apiece. The transaction was valued at $1,000,000.
Valuation Metrics
Right now, PVH Corp. (PVH) has a P/E ratio of about 26.08. The stock’s beta is 2.08. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 1.01.
The latest dividend of $0.0375 per share was paid out, remained unchanged from last year’s $0.0375. On Wednesday November 2 2022, a $0.0005 dividend decrease was announced.
Financial Health
In the three months ended April 29, PVH Corp.’s quick ratio stood at 0.70, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.43, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 56.70% percent. In the year ended April 29, EBITDA margin amounted to 13.32%, whereas operating margins totaled 5.10%. Based on annual data, PVH earned $5.12 billion in gross profit and brought in $9.02 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.80%. Return on equity (ROE) for the past 12 months was 4.00%.
In PVH Corp.’s quarter-end financial report for April 29, it reported total debt of $2.19 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PVH’s revenue rose 1.63% to $2.49 billion during the quarter, while net income inched up to $2.16 billion. While analysts expected PVH Corp. to report $1.93 quarterly earnings, the actual figure was $2.14 per share, beating the consensus estimate by 10.90%. During the quarter, the company generated $271.1 million in EBITDA. The liabilities of PVH Corp. were 6.36 billion at the end of its most recent quarter ended April 29, and its total debt was $3.79 billion. The value of shareholders’ equity is $62.72 million.
Technical Picture
This quick technical analysis looks at PVH Corp.’s (PVH) price momentum. With a historical volatility rate of 20.06%, the RSI 9-day stood at 37.95% on 18 August.
With respect to its five-day moving average, the current PVH Corp. price is down by -2.04% percent or -$1.71. At present, PVH shares trade -4.25% below its 20-day simple moving average and +11.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.72% below its SMA50 and +60.31% above its SMA200.
Stochastic coefficient K was 12.96% and Stochastic coefficient D was 11.83%, while ATR was 2.39. Given the Stochastic reading of 25.15% for the 14-day period, the RSI (14) reading has been calculated as 41.52%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -2.98.
Analyst Ratings
Barclays upgraded its rating on PVH Corp. (NYSE: PVH) to an Overweight in a note to investors on January 20, 2023. The analysts firm previously had an Equal weight rating on the stock.PVH Corp. (PVH) has been rated Overweight by analysts. According to 0 brokerage firms, PVH is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate PVH Corp. stock as buy, with 5 recommending it as overweight.
With a median target price of $94.00, the current consensus forecast for the stock is $75.00 – $122.00. Based on these forecasts, analysts predict PVH Corp. (PVH) will achieve an average price target of $97.47.
