PVH (PVH) Projected to Post Quarterly Earnings on Monday

PVH (NYSE:PVH) is expected to announce its earnings results before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of $3.19 per share and revenue of $2.34 billion for the quarter.

PVH Trading Down 3.0 %

PVH stock opened at $64.59 on Friday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.77 and a beta of 2.10. PVH has a 1-year low of $62.94 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50 day simple moving average of $76.92 and a two-hundred day simple moving average of $92.92.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH’s payout ratio is currently 1.22%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PVH shares. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Citigroup lowered their price target on shares of PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.27.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.