PVH (NYSE:PVH) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

PVH (NYSE:PVH) issued its quarterly earnings results on Monday. The textile maker reported $3.10 EPS for the quarter, topping the consensus estimate of $2.99 by $0.11, Briefing.com reports. PVH had a net margin of 6.96% and a return on equity of 12.64%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company posted $3.21 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. PVH updated its Q4 guidance to $1.77-1.79 EPS and its FY20 guidance to $9.43-9.45 EPS.

PVH opened at $100.58 on Tuesday. The business’s 50 day moving average is $92.37 and its 200-day moving average is $89.71. The stock has a market cap of $7.40 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a current ratio of 1.40, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. PVH has a twelve month low of $67.41 and a twelve month high of $134.24.

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The firm also recently declared a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is presently 1.56%.

Several equities analysts have recently commented on the stock. Telsey Advisory Group reduced their price target on shares of PVH from $119.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Guggenheim reissued a “buy” rating and issued a $125.00 target price on shares of PVH in a report on Tuesday, November 19th. Piper Jaffray Companies raised their target price on shares of PVH from $82.00 to $101.00 and gave the stock an “overweight” rating in a report on Tuesday, September 17th. UBS Group set a $117.00 target price on shares of PVH and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Co cut their target price on shares of PVH from $120.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PVH currently has a consensus rating of “Buy” and an average price target of $105.20.

In other PVH news, CEO Emanuel Chirico purchased 133,155 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $74.99 per share, with a total value of $9,985,293.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry Nasella purchased 6,250 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $80.37 per share, for a total transaction of $502,312.50. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

About PVH

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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