Analysts expect the company to report quarterly earnings at $3.22 per share, down from $3.72 per share in the year-ago period. PVH projects quarterly revenue of $2.34 billion, compared to $2.49 billion a year earlier, according to data from Benzinga Pro.
On Tuesday, Citigroup analyst Paul Lejuez maintained PVH with a Neutral rating and lowered the price target from $123 to $72. Meanwhile, Telsey Advisory Group analyst Dana Telsey maintained the stock with an Outperform rating and cut the price target from $130 to $90.
With the recent buzz around PVH, some investors may be eyeing potential gains from the company’s dividends too. As of now, PVH offers an annual dividend yield of 0.22%. That’s a quarterly dividend amount of 4 cents per share (15 cents a year).
To figure out how to earn $500 monthly from PVH, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by PVH’s $0.15 dividend: $6,000 / $0.15 = 40,000 shares.
So, an investor would need to own approximately $2,663,600 worth of PVH, or 40,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.15 = 8,000 shares, or $532,720 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis. The dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
PVH Price Action: Shares of PVH fell by 0.5% to close at $66.59 on Thursday.
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