B. Riley Comments on PVH Corp’s Q3 2019 Earnings (PVH)
PVH Corp (NYSE:PVH) – Equities research analysts at B. Riley issued their Q3 2019 earnings per share (EPS) estimates for PVH in a research report issued to clients and investors on Tuesday. B. Riley analyst S. Anderson forecasts that the textile maker will post earnings per share of $2.59 for the quarter. B. Riley currently has a “Buy” rating and a $155.00 target price on the stock. B. Riley also issued estimates for PVH’s Q4 2019 earnings at $2.39 EPS and FY2020 earnings at $9.81 EPS.
Several other analysts have also recently weighed in on the stock. Wells Fargo & Co upped their price objective on shares of PVH from $158.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Barclays set a $156.00 price objective on shares of PVH and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Piper Jaffray Companies set a $148.00 price objective on shares of PVH and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, JPMorgan Chase & Co. set a $160.00 price objective on shares of PVH and gave the stock a “buy” rating in a research note on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $149.79.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.038 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is currently 2.23%.
In related news, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven B. Shiffman sold 3,100 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $136.38, for a total transaction of $422,778.00. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock worth $52,131,795 over the last three months. 1.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Columbus Circle Investors acquired a new position in PVH in the third quarter valued at approximately $30,247,000. IFM Investors Pty Ltd acquired a new position in PVH in the third quarter valued at approximately $311,000. Intrust Bank NA acquired a new position in PVH in the third quarter valued at approximately $490,000. Stevens Capital Management LP acquired a new stake in PVH in the third quarter worth $9,607,000. Finally, Quantbot Technologies LP acquired a new stake in PVH in the third quarter worth $2,986,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
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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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