Wall Street brokerages predict that PVH Corp. (NYSE:PVH) will report earnings of $2.91 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for PVH Corp.’s earnings, with estimates ranging from $2.90 to $2.92. PVH Corp. posted earnings of $2.60 per share in the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The firm is expected to report its next quarterly earnings report on Wednesday, November 29th.
According to Zacks, analysts expect that PVH Corp. will report full year earnings of $7.73 per share for the current financial year, with EPS estimates ranging from $7.67 to $7.85. For the next fiscal year, analysts expect that the business will report earnings of $8.74 per share, with EPS estimates ranging from $8.11 to $9.40. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for PVH Corp..
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share.
PVH has been the topic of several recent research reports. Cowen and Company set a $140.00 price target on PVH Corp. and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. ValuEngine upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. UBS AG reiterated a “buy” rating and issued a $128.00 price target (up previously from $120.00) on shares of PVH Corp. in a report on Monday, June 26th. Finally, Piper Jaffray Companies set a $143.00 price target on PVH Corp. and gave the company a “buy” rating in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $139.19.
In other news, EVP Mark D. Fischer sold 5,589 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James Holmes sold 851 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,307 shares of company stock worth $4,980,787. 1.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of PVH Corp. by 1.3% during the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after purchasing an additional 52 shares during the period. First Allied Advisory Services Inc. grew its holdings in shares of PVH Corp. by 2.7% during the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after buying an additional 57 shares in the last quarter. Capstone Asset Management Co. grew its holdings in shares of PVH Corp. by 0.7% during the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after buying an additional 64 shares in the last quarter. Sentry Investment Management LLC grew its holdings in shares of PVH Corp. by 1.0% during the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after buying an additional 65 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of PVH Corp. by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock worth $1,601,000 after buying an additional 95 shares in the last quarter. 95.20% of the stock is currently owned by institutional investors.
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Shares of PVH Corp. (NYSE:PVH) opened at 124.16 on Wednesday. PVH Corp. has a one year low of $84.53 and a one year high of $130.75. The stock’s 50 day moving average price is $126.80 and its 200 day moving average price is $113.61. The company has a market cap of $9.61 billion, a PE ratio of 23.68 and a beta of 0.46.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were given a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
PVH Corp. 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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