PVH Corp. (PVH) Updates FY14 Earnings Guidance
PVH Corp. (NYSE:PVH) updated its FY14 earnings guidance on Friday. The company provided earnings per share guidance of ~$7.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.07, Analyst Ratings Net reports. The company issued revenue guidance of $8.22 billion, compared to the consensus revenue estimate of $8.23 billion.PVH Corp. also updated its Q4 guidance to $1.40-1.60 EPS.
Several analysts have recently commented on the stock. Analysts at Nomura initiated coverage on shares of PVH Corp. in a research note on Wednesday, February 12th. They set a buy rating and a $140.00 price target on the stock. On a related note, analysts at Janney Montgomery Scott reiterated a fair value rating on shares of PVH Corp. in a research note on Tuesday, January 28th. They now have a $150.00 price target on the stock, down previously from $154.00. Finally, analysts at McLean Capital Management downgraded shares of PVH Corp. from a neutral rating to a sell rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $142.79.
PVH Corp. (NYSE:PVH) traded up 2.85% on Friday, hitting $121.45. The stock had a trading volume of 591,465 shares. PVH Corp. has a 1-year low of $102.72 and a 1-year high of $138.94. The stock has a 50-day moving average of $123.8 and a 200-day moving average of $126.3. The company has a market cap of $9.913 billion and a price-to-earnings ratio of 39.32.
PVH Corp. (NYSE:PVH) last released its earnings data on Tuesday, December 10th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 37.5% on a year-over-year basis. On average, analysts predict that PVH Corp. will post $7.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 27th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Monday, February 24th.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
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