PVH Corp. (PVH) Updates Q3 Earnings Guidance
PVH Corp. (NYSE:PVH) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.22, AnalystRatings.Net reports. PVH Corp. also updated its FY14 guidance to ~$7.00 EPS.
A number of analysts have recently weighed in on PVH shares. Analysts at Piper Jaffray Cos. cut their price target on shares of PVH Corp. (NYSE:PVH) from $141.00 to $138.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. On a related note, analysts at Keefe, Bruyette & Woods downgraded shares of PVH Corp. (NYSE:PVH) from an outperform rating to a market perform rating in a research note to investors on Tuesday, September 24th. Finally, analysts at Miller Tabak reiterated a buy rating on shares of PVH Corp. (NYSE:PVH) in a research note to investors on Thursday, September 12th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. PVH Corp. has a consensus rating of Buy and an average price target of $136.49.
Shares of PVH Corp. (NYSE:PVH) opened at 117.55 on Thursday. PVH Corp. has a 1-year low of $90.36 and a 1-year high of $134.98. The stock has a 50-day moving average of $125.6 and a 200-day moving average of $120.8. The company has a market cap of $9.589 billion and a price-to-earnings ratio of 43.15.
PVH Corp. (NYSE:PVH) last released its earnings data on Monday, September 9th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 47.0% on a year-over-year basis. Analysts expect that PVH Corp. will post $7.04 EPS for the current fiscal year.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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