Equities research analysts expect PVH Corp (NYSE:PVH) to report earnings per share (EPS) of $1.59 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for PVH’s earnings. The lowest EPS estimate is $1.58 and the highest is $1.62. PVH posted earnings of $1.58 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The company is expected to report its next earnings report on Wednesday, March 27th.
According to Zacks, analysts expect that PVH will report full year earnings of $9.35 per share for the current financial year, with EPS estimates ranging from $9.33 to $9.38. For the next financial year, analysts anticipate that the company will report earnings of $10.22 per share, with EPS estimates ranging from $9.86 to $10.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow PVH.
PVH (NYSE:PVH) last released its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company posted $3.02 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Friday, August 17th. Piper Jaffray Companies set a $177.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank lifted their price target on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. DA Davidson lifted their price target on PVH to $134.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America set a $180.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. PVH has an average rating of “Buy” and an average target price of $154.10.
NYSE PVH opened at $106.65 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 1.74. PVH has a twelve month low of $102.76 and a twelve month high of $169.22. The company has a market cap of $8.23 billion, a P/E ratio of 13.43, a PEG ratio of 0.90 and a beta of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Tuesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.89%.
A number of institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of PVH by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 441,814 shares of the textile maker’s stock valued at $66,148,000 after purchasing an additional 1,722 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of PVH by 1.8% during the second quarter. Aperio Group LLC now owns 44,714 shares of the textile maker’s stock valued at $6,695,000 after purchasing an additional 773 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of PVH by 14.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,742 shares of the textile maker’s stock valued at $560,000 after purchasing an additional 486 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of PVH during the second quarter valued at $212,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of PVH by 10.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 256,912 shares of the textile maker’s stock valued at $38,465,000 after purchasing an additional 24,548 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
Further Reading: Leveraged Buyout (LBO) Explained
Get a free copy of the Zacks research report on PVH (PVH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.