Equities research analysts expect PVH Corp (NYSE:PVH) to post $1.80 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for PVH’s earnings, with the lowest EPS estimate coming in at $1.79 and the highest estimate coming in at $1.84. PVH reported earnings per share of $1.84 in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 25th.
According to Zacks, analysts expect that PVH will report full year earnings of $9.46 per share for the current financial year, with EPS estimates ranging from $9.44 to $9.50. For the next year, analysts forecast that the firm will post earnings of $10.09 per share, with EPS estimates ranging from $9.88 to $10.40. Zacks Investment Research’s EPS 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 Monday, November 25th. The textile maker reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.11. PVH had a return on equity of 12.17% and a net margin of 6.57%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business posted $3.21 EPS. The business’s revenue was up 2.5% compared to the same quarter last year.
Several equities research analysts recently commented on the company. Citigroup set a $81.00 target price on PVH and gave the stock a “hold” rating in a research note on Friday, August 30th. Guggenheim reissued a “buy” rating and issued a $125.00 price target on shares of PVH in a research note on Tuesday, November 19th. Zacks Investment Research cut PVH from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a report on Monday, November 4th. DA Davidson raised their price objective on shares of PVH from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Cowen lowered their price objective on shares of PVH from $95.00 to $80.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $105.42.
Shares of PVH stock opened at $101.41 on Thursday. PVH has a one year low of $67.41 and a one year high of $134.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 0.71. The stock’s 50-day moving average is $95.00 and its 200 day moving average is $88.75. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.01 and a beta of 1.49.
The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is presently 1.56%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of PVH by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,136,732 shares of the textile maker’s stock worth $770,060,000 after purchasing an additional 29,061 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PVH by 7.2% in the second quarter. JPMorgan Chase & Co. now owns 5,681,044 shares of the textile maker’s stock valued at $529,929,000 after buying an additional 383,485 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of PVH by 54.3% in the second quarter. Pzena Investment Management LLC now owns 3,001,404 shares of the textile maker’s stock valued at $284,053,000 after buying an additional 1,055,649 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PVH by 75.7% during the second quarter. Bank of New York Mellon Corp now owns 1,455,221 shares of the textile maker’s stock valued at $137,721,000 after buying an additional 627,188 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new position in shares of PVH during the second quarter valued at about $101,571,000. Hedge funds and other institutional investors own 96.49% of the company’s stock.
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, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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