PVH (NYSE:PVH) Posts Earnings Results, Beats Estimates By $0.21 EPS

PVH (NYSE:PVH) announced its earnings results on Tuesday. The textile maker reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21, Briefing.com reports. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 earnings per share.

PVH Stock Performance

Shares of PVH traded up $0.90 during midday trading on Thursday, reaching $106.39. 2,157,121 shares of the stock were exchanged, compared to its average volume of 949,405. The business’s 50-day moving average price is $130.42 and its 200 day moving average price is $106.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.64 and a beta of 2.20.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.38%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total transaction of $430,500.00. Following the transaction, the executive vice president now owns 27,903 shares in the company, valued at approximately $3,432,069. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On PVH

A number of institutional investors and hedge funds have recently bought and sold shares of PVH. Price T Rowe Associates Inc. MD boosted its stake in PVH by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,086 shares of the textile maker’s stock worth $5,141,000 after purchasing an additional 2,620 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of PVH by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,417 shares of the textile maker’s stock worth $1,028,000 after acquiring an additional 177 shares during the period. Chartwell Investment Partners LLC acquired a new stake in shares of PVH during the fourth quarter worth $696,000. Virtue Capital Management LLC acquired a new stake in PVH in the 4th quarter valued at $592,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of PVH during the 4th quarter worth about $461,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH announced that its board has approved a share buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

PVH has been the topic of a number of recent research reports. Telsey Advisory Group lowered their target price on PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley decreased their price objective on PVH from $134.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Wednesday. TD Cowen raised their price objective on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. UBS Group raised their price objective on PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays decreased their price objective on PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.00.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.