PVH (NYSE:PVH) Announces Earnings Results

PVH (NYSE:PVH) issued its earnings results on Wednesday. The textile maker reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.27, Zacks reports. PVH had a return on equity of 11.90% and a net margin of 5.34%.

PVH Price Performance

NYSE:PVH traded up $2.89 during mid-day trading on Wednesday, reaching $87.63. 1,826,662 shares of the stock were exchanged, compared to its average volume of 1,247,798. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average price of $81.16 and a 200 day moving average price of $77.95. PVH has a 1-year low of $59.28 and a 1-year high of $113.47. The firm has a market capitalization of $4.22 billion, a PE ratio of 9.82, a PEG ratio of 2.69 and a beta of 1.74.

PVH Dividend Announcement

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

Hedge Funds Weigh In On PVH

Hedge funds have recently made changes to their positions in the business. Danske Bank A S bought a new stake in shares of PVH during the 3rd quarter worth $25,000. Quarry LP purchased a new stake in shares of PVH during the third quarter valued at $58,000. Larson Financial Group LLC boosted its position in shares of PVH by 70,300.0% in the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 703 shares during the period. Geneos Wealth Management Inc. increased its stake in PVH by 183.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock worth $74,000 after purchasing an additional 699 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in PVH during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PVH. UBS Group restated a “buy” rating and set a $148.00 price objective on shares of PVH in a research note on Tuesday, November 25th. Wells Fargo & Company boosted their price target on shares of PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. The Goldman Sachs Group increased their price objective on shares of PVH from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. BTIG Research initiated coverage on shares of PVH in a research note on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PVH in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.