Analysts expect that PVH Corp. (NYSE:PVH) will report sales of $2.33 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PVH Corp.’s earnings. The highest sales estimate is $2.33 billion and the lowest is $2.32 billion. PVH Corp. posted sales of $2.24 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The business is expected to issue its next earnings report on Wednesday, November 29th.
According to Zacks, analysts expect that PVH Corp. will report full-year sales of $2.33 billion for the current year, with estimates ranging from $8.65 billion to $8.66 billion. For the next financial year, analysts forecast that the company will post sales of $9.01 billion per share, with estimates ranging from $8.99 billion to $9.04 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover PVH Corp..
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 earnings per share.
Several equities analysts have recently weighed in on PVH shares. Credit Suisse Group set a $149.00 target price on PVH Corp. and gave the company a “buy” rating in a research report on Thursday, August 24th. Bank of America Corporation started coverage on PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price on the stock. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Citigroup Inc. boosted their target price on PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Finally, Wells Fargo & Company boosted their target price on PVH Corp. from $126.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $137.00.
Shares of PVH Corp. (PVH) opened at 129.60 on Tuesday. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $130.75. The stock’s 50 day moving average price is $123.15 and its 200-day moving average price is $107.77. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 24.71 and a beta of 0.46.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is 2.87%.
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In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven B. Shiffman sold 2,200 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $105.82, for a total value of $232,804.00. The disclosure for this sale can be found here. Insiders sold a total of 89,950 shares of company stock valued at $10,601,025 over the last quarter. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently modified their holdings of PVH. BlackRock Inc. lifted its holdings in shares of PVH Corp. by 3,001.8% in the 1st quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares during the period. Prudential Financial Inc. lifted its holdings in shares of PVH Corp. by 154.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of PVH Corp. by 136.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after buying an additional 677,096 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PVH Corp. by 153.8% in the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after buying an additional 461,600 shares during the period. Finally, Congress Asset Management Co. MA purchased a new stake in shares of PVH Corp. in the 2nd quarter worth $47,698,000. Institutional investors and hedge funds own 95.24% of the company’s stock.
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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