$1.89 EPS Expected for PVH Corp (NYSE:PVH) This Quarter

Wall Street analysts predict that PVH Corp (NYSE:PVH) will announce earnings per share of $1.89 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for PVH’s earnings. The highest EPS estimate is $1.90 and the lowest is $1.85. PVH posted earnings per share of $2.18 in the same quarter last year, which indicates a negative year over year growth rate of 13.3%. The firm is expected to report its next earnings results on Wednesday, September 4th.

On average, analysts expect that PVH will report full year earnings of $10.27 per share for the current financial year, with EPS estimates ranging from $10.20 to $10.38. For the next fiscal year, analysts expect that the firm will post earnings of $11.22 per share, with EPS estimates ranging from $10.98 to $11.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow PVH.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 29th. The textile maker reported $2.46 EPS for the quarter, beating the consensus estimate of $2.44 by $0.02. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. PVH had a net margin of 6.69% and a return on equity of 13.03%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.36 earnings per share.

PVH has been the subject of several recent analyst reports. ValuEngine raised shares of PVH from a “strong sell” rating to a “sell” rating in a research note on Friday, March 29th. UBS Group upped their price objective on shares of PVH from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Bank of America set a $165.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, Citigroup lowered their price objective on shares of PVH from $128.00 to $91.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $129.42.

In other PVH news, Director Henry Nasella acquired 1,200 shares of the business’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $82.84 per share, for a total transaction of $99,408.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dana Perlman sold 1,054 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $135,881.68. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Treasurer State of Michigan grew its holdings in PVH by 0.5% in the first quarter. State Treasurer State of Michigan now owns 21,796 shares of the textile maker’s stock worth $2,658,000 after purchasing an additional 100 shares during the period. Squar Milner Financial Services LLC grew its holdings in PVH by 7.4% in the first quarter. Squar Milner Financial Services LLC now owns 1,534 shares of the textile maker’s stock worth $187,000 after purchasing an additional 106 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in PVH by 17.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 817 shares of the textile maker’s stock worth $100,000 after purchasing an additional 123 shares during the period. Janney Montgomery Scott LLC grew its holdings in PVH by 1.4% in the first quarter. Janney Montgomery Scott LLC now owns 9,073 shares of the textile maker’s stock worth $1,107,000 after purchasing an additional 126 shares during the period. Finally, Mason Street Advisors LLC grew its holdings in PVH by 1.2% in the first quarter. Mason Street Advisors LLC now owns 10,805 shares of the textile maker’s stock worth $1,318,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 94.98% of the company’s stock.

Shares of NYSE:PVH opened at $94.64 on Friday. The company has a market capitalization of $7.09 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. The company’s 50-day moving average price is $97.67. The company has a current ratio of 1.47, a quick ratio of 0.75 and a debt-to-equity ratio of 0.74. PVH has a 12 month low of $82.51 and a 12 month high of $159.84.

PVH declared that its board has initiated a share buyback program on Wednesday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the textile maker to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Tuesday, May 21st. PVH’s payout ratio is currently 1.56%.

PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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