Wall Street analysts predict that PVH Corp (NYSE:PVH) will post sales of $2.32 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for PVH’s earnings, with the lowest sales estimate coming in at $2.28 billion and the highest estimate coming in at $2.35 billion. PVH reported sales of $2.11 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The firm is scheduled to report its next earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that PVH will report full-year sales of $2.32 billion for the current financial year, with estimates ranging from $8.65 billion to $8.76 billion. For the next year, analysts expect that the firm will post sales of $9.11 billion per share, with estimates ranging from $8.86 billion to $9.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover PVH.
PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 EPS.
PVH has been the subject of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $148.00 price target on shares of PVH in a research report on Sunday, October 1st. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Friday, December 1st. JPMorgan Chase & Co. set a $160.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Thursday, November 30th. Cowen set a $145.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, B. Riley restated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $147.71.
In other PVH news, SVP James Holmes sold 2,552 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.85, for a total value of $346,689.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 392,290 shares of company stock worth $52,131,795. Company insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC acquired a new position in shares of PVH during the 3rd quarter worth $108,000. Advisor Partners LLC acquired a new position in shares of PVH during the 3rd quarter worth $206,000. Raymond James Trust N.A. acquired a new position in shares of PVH during the 3rd quarter worth $224,000. Smithfield Trust Co. increased its stake in shares of PVH by 576.8% during the 3rd quarter. Smithfield Trust Co. now owns 1,841 shares of the textile maker’s stock worth $232,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Courier Capital LLC acquired a new position in shares of PVH during the 3rd quarter worth $235,000. Institutional investors own 93.82% of the company’s stock.
Shares of PVH (NYSE:PVH) traded up $2.37 during trading hours on Thursday, hitting $147.07. 568,732 shares of the company traded hands, compared to its average volume of 535,493. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $11,313.95, a P/E ratio of 21.89, a PEG ratio of 1.45 and a beta of 0.61. PVH has a fifty-two week low of $84.53 and a fifty-two week high of $148.29.
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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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