PVH Corp. (PVH) Expected to Announce Quarterly Sales of $2.33 Billion
Equities research analysts expect PVH Corp. (NYSE:PVH) to report $2.33 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for PVH Corp.’s earnings, with the lowest sales estimate coming in at $2.32 billion and the highest estimate coming in at $2.33 billion. PVH Corp. posted sales of $2.24 billion during the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is expected to report its next earnings report on Wednesday, November 29th.
On average, analysts expect that PVH Corp. will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $8.65 billion to $8.68 billion. For the next year, analysts forecast that the firm will report sales of $8.97 billion per share, with estimates ranging from $8.85 billion to $9.04 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover PVH Corp..
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 EPS.
PVH has been the topic of a number of recent research reports. BidaskClub upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. ValuEngine upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. UBS AG restated a “buy” rating and issued a $128.00 price objective (up previously from $120.00) on shares of PVH Corp. in a report on Monday, June 26th. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, June 22nd. Finally, Cowen and Company set a $120.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. PVH Corp. currently has an average rating of “Buy” and a consensus target price of $139.19.
PVH Corp. (NYSE:PVH) opened at 126.06 on Friday. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $130.75. The firm’s 50-day moving average price is $124.86 and its 200-day moving average price is $109.49. The firm has a market cap of $9.76 billion, a P/E ratio of 24.04 and a beta of 0.46.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, August 24th were issued a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 2.87%.
In related news, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Insiders sold 84,832 shares of company stock worth $10,050,906 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its holdings in PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after purchasing an additional 52 shares during the last quarter. First Allied Advisory Services Inc. boosted its holdings in PVH Corp. by 2.7% in the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after purchasing an additional 57 shares during the last quarter. Capstone Asset Management Co. boosted its holdings in PVH Corp. by 0.7% in the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after purchasing an additional 64 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in PVH Corp. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after purchasing an additional 65 shares during the last quarter. Finally, Allen Investment Management LLC boosted its holdings in PVH Corp. by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 95.32% of the company’s stock.
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PVH Corp. Company Profile
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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