PVH (NYSE:PVH) Issues FY 2024 Earnings Guidance

PVH (NYSE:PVH) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 11.550-11.800 for the period, compared to the consensus earnings per share estimate of 11.310. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.7 billion. PVH also updated its FY25 guidance to $11.55-11.80 EPS.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on PVH from $144.00 to $124.00 and set a buy rating on the stock in a report on Thursday. Evercore ISI increased their target price on shares of PVH from $130.00 to $140.00 and gave the company an outperform rating in a research report on Monday, June 3rd. Morgan Stanley boosted their price target on shares of PVH from $110.00 to $120.00 and gave the stock an equal weight rating in a research report on Thursday, June 6th. StockNews.com lowered shares of PVH from a strong-buy rating to a buy rating in a research note on Friday, August 16th. Finally, BMO Capital Markets cut their target price on PVH from $119.00 to $106.00 and set a market perform rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $128.50.

PVH Stock Down 0.9 %

PVH stock opened at $96.89 on Friday. The company’s 50 day simple moving average is $102.15 and its 200-day simple moving average is $114.54. PVH has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The firm has a market capitalization of $5.41 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company earned $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that PVH will post 11.23 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.33%.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.