Zacks: Brokerages Expect PVH Corp (PVH) to Announce $1.63 EPS
Wall Street analysts forecast that PVH Corp (NYSE:PVH) will announce $1.63 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for PVH Corp’s earnings, with estimates ranging from $1.58 to $1.72. PVH Corp reported earnings per share of $1.47 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The business is scheduled to issue its next earnings report on Wednesday, August 23rd.
According to Zacks, analysts expect that PVH Corp will report full year earnings of $7.49 per share for the current financial year, with EPS estimates ranging from $7.40 to $7.70. For the next fiscal year, analysts anticipate that the business will post earnings of $8.26 per share, with EPS estimates ranging from $7.96 to $8.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for PVH Corp.
PVH Corp (NYSE:PVH) last posted its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp had a net margin of 3.52% and a return on equity of 5.83%. PVH Corp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 EPS.
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reissued an “outperform” rating and issued a $126.00 price target on shares of PVH Corp in a report on Thursday, March 23rd. Zacks Investment Research downgraded shares of PVH Corp from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Piper Jaffray Companies set a $120.00 price target on shares of PVH Corp and gave the stock a “buy” rating in a report on Thursday, May 25th. Credit Suisse Group set a $121.00 price target on shares of PVH Corp and gave the stock a “hold” rating in a report on Monday, March 20th. Finally, Cowen and Company boosted their price target on shares of PVH Corp from $108.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, March 23rd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $121.44.
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PVH Corp (NYSE PVH) traded up 0.53% during mid-day trading on Monday, hitting $105.69. 484,437 shares of the stock were exchanged. The company has a market capitalization of $8.23 billion, a PE ratio of 21.85 and a beta of 0.47. The stock’s 50-day moving average is $103.02 and its 200 day moving average is $97.38. PVH Corp has a 52 week low of $83.80 and a 52 week high of $115.40.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Thursday, May 18th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Tuesday, May 16th. PVH Corp’s dividend payout ratio (DPR) is 3.11%.
In other PVH Corp news, CEO Francis K. Duane sold 2,497 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction that occurred on Friday, March 24th. The shares were 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. Insiders have sold 30,034 shares of company stock worth $3,125,205 over the last quarter. Company insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of PVH. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of PVH Corp by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares during the last quarter. Allen Investment Management LLC raised its stake in PVH Corp by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after buying an additional 92 shares during the period. State Treasurer State of Michigan raised its stake in PVH Corp by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,996 shares of the textile maker’s stock worth $2,690,000 after buying an additional 100 shares during the period. Mason Street Advisors LLC raised its stake in PVH Corp by 1.0% in the first quarter. Mason Street Advisors LLC now owns 10,954 shares of the textile maker’s stock worth $1,133,000 after buying an additional 111 shares during the period. Finally, Penserra Capital Management LLC raised its stake in PVH Corp by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 96.69% of the company’s stock.
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.
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