PVH Corp. (PVH) Releases Q4 Earnings Guidance
PVH Corp. (NYSE:PVH) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided EPS guidance of $1.40-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44, American Banking News reports. The company issued revenue guidance of ~$2.06 billion, compared to the consensus revenue estimate of $2.09 billion.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of PVH Corp. in a research note to investors on Wednesday, December 18th. They set a buy rating and a $150.00 price target on the stock. On a related note, analysts at UBS AG initiated coverage on shares of PVH Corp. in a research note to investors on Monday, December 16th. They set a buy rating and a $160.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of PVH Corp. in a research note to investors on Wednesday, December 11th. They now have a $154.00 price target on the stock, up previously from $142.00. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $142.99.
PVH Corp. (NYSE:PVH) traded down 0.67% on Friday, hitting $132.13. 1,038,897 shares of the company’s stock traded hands. PVH Corp. has a one year low of $102.72 and a one year high of $138.94. The stock has a 50-day moving average of $132.6 and a 200-day moving average of $127.. The company has a market cap of $10.785 billion and a P/E ratio of 44.30.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company posted $2.34 earnings per share. PVH Corp.’s revenue was up 37.5% compared to the same quarter last year. Analysts expect that PVH Corp. will post $7.04 EPS for the current fiscal year.
In other PVH Corp. news, EVP Mark Fischer sold 1,125 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $136.50, for a total transaction of $153,562.50. Following the transaction, the executive vice president now directly owns 11,167 shares in the company, valued at approximately $1,524,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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