Wall Street brokerages expect PVH Corp (NYSE:PVH) to post earnings per share of $1.43 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for PVH’s earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.45. PVH posted earnings per share of $1.23 in the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 28th.
According to Zacks, analysts expect that PVH will report full year earnings of $7.79 per share for the current financial year, with EPS estimates ranging from $7.70 to $7.83. For the next year, analysts anticipate that the firm will report earnings of $8.75 per share, with EPS estimates ranging from $8.17 to $8.95. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for PVH.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 EPS.
A number of equities analysts have recently weighed in on PVH shares. ValuEngine cut PVH from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Sanford C. Bernstein initiated coverage on PVH in a report on Tuesday, September 12th. They set a “market perform” rating and a $142.00 target price for the company. Barclays initiated coverage on PVH in a report on Tuesday, September 19th. They set an “overweight” rating and a $147.00 target price for the company. Finally, Piper Jaffray Companies restated a “buy” rating and set a $148.00 target price on shares of PVH in a report on Sunday, October 1st. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $145.44.
In other news, EVP Mark D. Fischer sold 2,300 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $138.50, for a total transaction of $318,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven B. Shiffman sold 3,100 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.38, for a total value of $422,778.00. The disclosure for this sale can be found here. Insiders sold a total of 380,599 shares of company stock worth $50,490,381 in the last ninety days. 1.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of PVH by 31.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after acquiring an additional 952,394 shares in the last quarter. FMR LLC raised its position in shares of PVH by 5.5% during the 2nd quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after acquiring an additional 187,588 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of PVH by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after acquiring an additional 13,101 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of PVH by 8.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,239,768 shares of the textile maker’s stock worth $141,953,000 after acquiring an additional 98,443 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of PVH by 136.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after acquiring an additional 677,096 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
PVH (NYSE:PVH) traded up $0.30 during midday trading on Friday, hitting $137.21. The stock had a trading volume of 628,677 shares, compared to its average volume of 792,145. The stock has a market cap of $10,532.40, a PE ratio of 20.42, a PEG ratio of 1.35 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. PVH has a fifty-two week low of $84.53 and a fifty-two week high of $139.51.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, November 21st. PVH’s dividend payout ratio is currently 2.23%.
PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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