PVH Corp. (NYSE:PVH) Expected to Announce Earnings of $1.65 Per Share

Wall Street analysts expect PVH Corp. (NYSE:PVH) to report earnings of $1.65 per share for the current quarter, Zacks reports. Two analysts have issued estimates for PVH Corp.’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.60. PVH Corp. posted earnings of $1.47 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 23rd.

According to Zacks, analysts expect that PVH Corp. will report full-year earnings of $7.51 per share for the current fiscal year, with EPS estimates ranging from $7.40 to $7.70. For the next fiscal year, analysts anticipate that the business will post earnings of $8.35 per share, with EPS estimates ranging from $8.11 to $8.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow PVH Corp..

PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS.

Several research firms recently weighed in on PVH. Buckingham Research reissued a “buy” rating and set a $127.00 price objective on shares of PVH Corp. in a research note on Monday. BidaskClub lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. FBR & Co began coverage on shares of PVH Corp. in a research note on Tuesday, July 11th. They set an “outperform” rating and a $135.00 price objective on the stock. ValuEngine raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, UBS Group AG reissued a “buy” rating and set a $128.00 price objective (up previously from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. PVH Corp. has a consensus rating of “Buy” and an average price target of $123.06.

Shares of PVH Corp. (NYSE:PVH) traded down 0.59% during midday trading on Thursday, hitting $112.94. 550,868 shares of the company traded hands. The stock’s 50-day moving average is $105.06 and its 200 day moving average is $97.56. The stock has a market capitalization of $8.79 billion, a P/E ratio of 23.35 and a beta of 0.50. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $115.86.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, May 16th. PVH Corp.’s dividend payout ratio is presently 3.11%.

PVH Corp. declared that its Board of Directors has authorized a share buyback program on Wednesday, March 22nd that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the textile maker to repurchase up to 10.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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In related news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David F. Kozel sold 5,636 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.00, for a total transaction of $591,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,627 shares of company stock worth $6,584,743. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PVH. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of PVH Corp. by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares during the last quarter. LS Investment Advisors LLC increased its position 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 valued at $447,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. increased its position 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 valued at $1,025,000 after buying an additional 64 shares in the last quarter. Allen Investment Management LLC increased its position 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 valued at $355,000 after buying an additional 92 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in PVH Corp. by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock valued at $1,601,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.

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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