Analysts predict that PVH Corp. (NYSE:PVH) will report $2.03 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for PVH Corp.’s earnings, with estimates ranging from $2.03 billion to $2.04 billion. PVH Corp. reported sales of $1.93 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is expected to announce its next quarterly earnings results on Wednesday, August 23rd.
According to Zacks, analysts expect that PVH Corp. will report full-year sales of $2.03 billion for the current fiscal year, with estimates ranging from $8.52 billion to $8.59 billion. For the next year, analysts forecast that the company will post sales of $8.89 billion per share, with estimates ranging from $8.81 billion to $8.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for PVH Corp..
PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The business had revenue of $1.99 billion for 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%. PVH Corp.’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS.
Several brokerages recently commented on PVH. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Buckingham Research reissued a “buy” rating and issued a $127.00 price target on shares of PVH Corp. in a research note on Monday. UBS AG reissued a “buy” rating and issued a $128.00 price target (up from $120.00) on shares of PVH Corp. in a research note on Monday, June 26th. ValuEngine raised PVH Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, FBR & Co began coverage on PVH Corp. in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $135.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. PVH Corp. currently has a consensus rating of “Buy” and an average target price of $123.06.
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In other news, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana Perlman sold 769 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The disclosure for this sale can be found here. Insiders have sold a total of 59,627 shares of company stock valued at $6,584,743 in the last quarter. 1.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PVH. USA Financial Portformulas Corp purchased a new position in PVH Corp. during the fourth quarter valued at $2,246,000. Macquarie Group Ltd. boosted its stake in shares of PVH Corp. by 180.0% in the fourth quarter. Macquarie Group Ltd. now owns 128,287 shares of the textile maker’s stock worth $11,576,000 after buying an additional 82,472 shares during the period. Prudential Financial Inc. boosted its stake in shares of PVH Corp. by 3.2% in the first quarter. Prudential Financial Inc. now owns 438,951 shares of the textile maker’s stock worth $45,419,000 after buying an additional 13,671 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of PVH Corp. during the first quarter worth about $236,000. Finally, Highbridge Capital Management LLC boosted its stake in shares of PVH Corp. by 112,735.7% in the fourth quarter. Highbridge Capital Management LLC now owns 337,907 shares of the textile maker’s stock worth $30,492,000 after buying an additional 338,207 shares during the period. Institutional investors own 96.44% of the company’s stock.
Shares of PVH Corp. (NYSE PVH) traded down 0.59% during mid-day trading on Friday, hitting $112.94. 550,868 shares of the company were exchanged. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $115.86. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 23.35 and a beta of 0.50. The firm has a 50 day moving average of $105.06 and a 200 day moving average of $97.56.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th were paid a $0.038 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH Corp.’s dividend payout ratio (DPR) is presently 3.11%.
PVH Corp. declared that its board has authorized a stock repurchase program on Wednesday, March 22nd that permits the company to buyback $750.00 million in shares. This buyback authorization permits the textile maker to reacquire up to 10.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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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