PVH Corp. (PVH) Scheduled to Post Earnings on Wednesday
PVH Corp. (NYSE:PVH) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 23rd. Analysts expect the company to announce earnings of $1.65 per share for the quarter. PVH Corp. has set its FY18 guidance at $7.40-7.50 EPS.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect PVH Corp. to post $7.53 EPS for the current fiscal year and $8.39 EPS for the next fiscal year.
Shares of PVH Corp. (NYSE PVH) opened at 123.38 on Wednesday. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $126.11. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 25.51 and a beta of 0.51. The stock’s 50 day moving average price is $117.18 and its 200-day moving average price is $103.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is presently 3.11%.
In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $105.99, for a total transaction of $264,657.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were 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 a total of 59,627 shares of company stock valued at $6,584,743 over the last ninety days. Company insiders own 1.50% of the company’s stock.
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Several research firms recently weighed in on PVH. UBS AG restated a “buy” rating and set a $120.00 target price (up previously from $116.00) on shares of PVH Corp. in a report on Thursday, May 25th. Bank of America Corporation began coverage on shares of PVH Corp. in a report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price on the stock. Cowen and Company set a $140.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $143.00 target price on shares of PVH Corp. and gave the company a “buy” rating in a report on Monday, August 7th. Finally, BidaskClub upgraded shares of PVH Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. PVH Corp. presently has an average rating of “Buy” and a consensus target price of $126.53.
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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