PVH Corp. (PVH) Scheduled to Post Earnings on Wednesday
PVH Corp. (NYSE:PVH) is set to release its earnings data after the market closes on Wednesday, August 23rd. Analysts expect PVH Corp. to post earnings of $1.65 per share for the quarter. PVH Corp. has set its FY18 guidance at $7.40-7.50 EPS.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect PVH Corp. to post $7.53 EPS for the current fiscal year and $8.39 EPS for the next fiscal year.
PVH Corp. (NYSE PVH) opened at 123.38 on Wednesday. The stock has a market cap of $9.60 billion, a PE ratio of 25.51 and a beta of 0.51. The stock has a 50 day moving average price of $117.18 and a 200 day moving average price of $103.26. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $126.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s payout ratio is 3.11%.
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A number of analysts have commented on PVH shares. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Tuesday, May 16th. Citigroup Inc. lifted their price target on PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. B. Riley reaffirmed a “buy” rating and set a $128.00 price target on shares of PVH Corp. in a research report on Sunday, June 4th. UBS AG reaffirmed a “buy” rating and set a $120.00 price target (up previously from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. Finally, Piper Jaffray Companies set a $120.00 price target on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $126.53.
In other news, CEO Francis K. Duane sold 2,497 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was 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 link. Also, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,627 shares of company stock worth $6,584,743. 1.50% of the stock is currently owned by insiders.
PVH Corp. Company Profile
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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