PVH Corp (PVH) Expected to Post Quarterly Sales of $2.34 Billion
Equities research analysts predict that PVH Corp (NYSE:PVH) will announce sales of $2.34 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for PVH’s earnings. The lowest sales estimate is $2.33 billion and the highest is $2.34 billion. PVH reported sales of $2.11 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is expected to report its next earnings results on Wednesday, March 28th.
On average, analysts expect that PVH will report full year sales of $2.34 billion for the current fiscal year, with estimates ranging from $8.65 billion to $8.76 billion. For the next year, analysts anticipate that the company will report sales of $9.17 billion per share, with estimates ranging from $9.07 billion to $9.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for PVH.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a net margin of 10.13% and a return on equity of 18.55%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $2.60 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis.
In other PVH news, SVP James Holmes sold 851 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. increased its position in shares of PVH by 2.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after purchasing an additional 57 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of PVH by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after purchasing an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of PVH by 4.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 104 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of PVH by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock valued at $1,638,000 after purchasing an additional 107 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of PVH by 28.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 204 shares during the last quarter. 94.36% of the stock is owned by hedge funds and other institutional investors.
PVH (PVH) opened at $131.69 on Friday. The stock has a market cap of $10,226.99, a PE ratio of 17.51, a P/E/G ratio of 1.31 and a beta of 0.61. PVH has a one year low of $84.53 and a one year high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH’s dividend payout ratio (DPR) is 2.23%.
PVH 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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