PVH Corp (NYSE:PVH) announced its quarterly earnings results on Wednesday. The textile maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp had a net margin of 7.10% and a return on equity of 12.15%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. PVH Corp updated its FY18 guidance to $7.40-7.50 EPS.

Shares of PVH Corp (NYSE:PVH) traded down 0.33% during mid-day trading on Wednesday, hitting $102.04. 2,436,554 shares of the company were exchanged. PVH Corp has a 12-month low of $83.80 and a 12-month high of $115.40. The firm has a market capitalization of $7.98 billion, a P/E ratio of 15.03 and a beta of 0.67. The company’s 50-day moving average price is $101.15 and its 200-day moving average price is $97.66. PVH Corp also saw unusually large options trading activity on Tuesday. Stock investors acquired 7,879 put options on the company. This is an increase of approximately 1,473% compared to the average daily volume of 501 put options.

Earnings History for PVH Corp (NYSE:PVH)

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Thursday, May 18th will be issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Tuesday, May 16th. PVH Corp’s dividend payout ratio is currently 2.10%.

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In other news, CEO Daniel Grieder sold 18,701 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.43, for a total transaction of $1,934,244.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $101.72, for a total transaction of $101,720.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of brokerages have commented on PVH. Wells Fargo & Co restated an “outperform” rating and set a $126.00 price target on shares of PVH Corp in a research note on Thursday, March 23rd. Zacks Investment Research cut shares of PVH Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Evercore ISI cut shares of PVH Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Credit Suisse Group AG set a $121.00 price target on shares of PVH Corp and gave the stock a “hold” rating in a research note on Monday, March 20th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $112.00 price target on shares of PVH Corp in a research note on Thursday, March 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. PVH Corp has an average rating of “Buy” and a consensus price target of $118.20.

About PVH Corp

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.

12 Month Chart for NYSE:PVH

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