PVH Corp. (NYSE:PVH) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.13-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.28. The company issued revenue guidance of +1% to $2.13 billion, compared to the consensus revenue estimate of $2.12 billion.

Several equities analysts recently commented on PVH shares. Zacks Investment Research raised PVH Corp. from a strong sell rating to a hold rating in a report on Tuesday, November 8th. Piper Jaffray Cos. set a $124.00 target price on PVH Corp. and gave the company a buy rating in a report on Thursday, September 29th. Citigroup Inc. dropped their target price on PVH Corp. from $110.00 to $96.00 and set a neutral rating on the stock in a report on Friday, August 26th. Brean Capital reissued a buy rating on shares of PVH Corp. in a report on Thursday, September 22nd. Finally, Telsey Advisory Group increased their target price on PVH Corp. from $113.00 to $125.00 and gave the company an outperform rating in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $112.83.

Shares of PVH Corp. (NYSE:PVH) traded down 0.08% on Wednesday, reaching $105.94. 1,448,978 shares of the company’s stock were exchanged. PVH Corp. has a 1-year low of $64.16 and a 1-year high of $115.40. The stock’s 50-day moving average price is $108.49 and its 200-day moving average price is $102.59. The company has a market capitalization of $8.50 billion, a P/E ratio of 12.83 and a beta of 0.77.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, November 30th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.20. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The business earned $2.24 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that PVH Corp. will post $6.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Monday, November 21st. PVH Corp.’s payout ratio is 1.82%.

In other PVH Corp. news, EVP David F. Kozel sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $111.96, for a total transaction of $335,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock worth $110,000 after buying an additional 179 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock worth $152,000 after buying an additional 122 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of PVH Corp. during the second quarter worth $236,000. LPL Financial LLC raised its stake in shares of PVH Corp. by 6.1% in the third quarter. LPL Financial LLC now owns 3,116 shares of the company’s stock worth $350,000 after buying an additional 180 shares in the last quarter. Finally, Advisor Group Inc. bought a new stake in shares of PVH Corp. during the second quarter worth $310,000. 94.59% of the stock is owned by hedge funds and other institutional investors.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.

5 Day Chart for NYSE:PVH

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