PVH (NYSE:PVH) Issues Earnings Results, Beats Estimates By $0.27 EPS

PVH (NYSE:PVH) posted its quarterly earnings data on Wednesday. The textile maker reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.27, Zacks reports. PVH had a net margin of 5.34% and a return on equity of 11.90%.

PVH Stock Performance

Shares of NYSE:PVH traded up $2.89 during midday trading on Wednesday, hitting $87.63. The company’s stock had a trading volume of 1,826,662 shares, compared to its average volume of 1,247,798. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The stock’s 50 day simple moving average is $81.16 and its 200 day simple moving average is $77.95. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.69 and a beta of 1.74. PVH has a fifty-two week low of $59.28 and a fifty-two week high of $113.47.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.68%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PVH. Danske Bank A S acquired a new position in shares of PVH during the third quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of PVH in the third quarter worth $58,000. Larson Financial Group LLC increased its position in PVH by 70,300.0% during the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after acquiring an additional 703 shares during the period. Geneos Wealth Management Inc. raised its stake in PVH by 183.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 699 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in PVH during the 3rd quarter valued at $77,000. 97.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PVH. The Goldman Sachs Group raised their target price on PVH from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. UBS Group reiterated a “buy” rating and issued a $148.00 target price on shares of PVH in a report on Tuesday, November 25th. BTIG Research assumed coverage on shares of PVH in a research report on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of PVH from $64.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.