$2.91 Earnings Per Share Expected for PVH Corp. (PVH) This Quarter
Equities research analysts expect PVH Corp. (NYSE:PVH) to report $2.91 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for PVH Corp.’s earnings. The highest EPS estimate is $2.92 and the lowest is $2.90. PVH Corp. reported earnings per share of $2.60 during the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The company is expected to announce its next quarterly earnings results on Wednesday, November 29th.
On average, analysts expect that PVH Corp. will report full year earnings of $7.73 per share for the current financial year, with EPS estimates ranging from $7.67 to $7.85. For the next financial year, analysts forecast that the business will report earnings of $8.74 per share, with EPS estimates ranging from $8.11 to $9.40. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for PVH Corp..
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year.
A number of brokerages recently issued reports on PVH. Sanford C. Bernstein began coverage on shares of PVH Corp. in a research report on Tuesday, September 12th. They set a “market perform” rating and a $142.00 price target for the company. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Barclays PLC started coverage on shares of PVH Corp. in a report on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 target price for the company. Cowen and Company set a $145.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $149.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $139.19.
In related news, SVP James Holmes sold 851 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total transaction of $108,068.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Fischer sold 5,589 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. Insiders have sold 39,307 shares of company stock valued at $4,980,787 over the last three months. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. APG Asset Management N.V. grew its position in PVH Corp. by 2.6% during the third quarter. APG Asset Management N.V. now owns 128,287 shares of the textile maker’s stock valued at $16,172,000 after buying an additional 3,200 shares during the period. Meeder Asset Management Inc. grew its position in PVH Corp. by 21.4% during the third quarter. Meeder Asset Management Inc. now owns 16,094 shares of the textile maker’s stock valued at $2,028,000 after buying an additional 2,833 shares during the period. Robeco Institutional Asset Management B.V. grew its position in PVH Corp. by 123.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 71,114 shares of the textile maker’s stock valued at $8,966,000 after buying an additional 39,347 shares during the period. Exane Derivatives bought a new stake in PVH Corp. during the third quarter valued at approximately $1,700,000. Finally, Mutual of America Capital Management LLC grew its position in PVH Corp. by 6.1% during the third quarter. Mutual of America Capital Management LLC now owns 10,188 shares of the textile maker’s stock valued at $1,284,000 after buying an additional 585 shares during the period. Institutional investors own 95.20% of the company’s stock.
Shares of PVH Corp. (NYSE:PVH) traded up 2.04% during midday trading on Wednesday, reaching $128.31. 980,180 shares of the company’s stock were exchanged. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.75. The stock has a market capitalization of $9.93 billion, a P/E ratio of 24.47 and a beta of 0.46. The firm has a 50-day moving average of $126.68 and a 200-day moving average of $114.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were issued a dividend of $0.038 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s payout ratio is 2.87%.
About PVH Corp.
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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