PVH (PVH) to Release Quarterly Earnings on Wednesday

PVH (NYSE:PVHGet Rating) will post its quarterly earnings results after the market closes on Wednesday, November 30th. Analysts expect PVH to post earnings of $2.15 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

PVH (NYSE:PVHGet Rating) last posted its earnings results on Tuesday, August 30th. The textile maker reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.07. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.21 billion. PVH had a net margin of 10.19% and a return on equity of 12.72%. PVH’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.72 earnings per share. On average, analysts expect PVH to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PVH Price Performance

PVH stock opened at $61.38 on Wednesday. The company’s 50 day simple moving average is $51.92 and its 200-day simple moving average is $59.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.35. PVH has a 1 year low of $43.49 and a 1 year high of $120.74. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 0.80 and a beta of 2.03.

PVH Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Tuesday, November 29th. PVH’s payout ratio is 1.15%.

Analysts Set New Price Targets

PVH has been the topic of several research reports. Credit Suisse Group reduced their price target on shares of PVH from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 31st. Telsey Advisory Group decreased their price target on shares of PVH from $110.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, September 1st. Wedbush reduced their price objective on PVH to $65.00 in a research note on Tuesday, September 6th. Guggenheim decreased their target price on PVH from $130.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, August 31st. Finally, Morgan Stanley cut their price target on PVH from $83.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, September 2nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.53.

Hedge Funds Weigh In On PVH

Hedge funds have recently made changes to their positions in the company. Balyasny Asset Management LLC acquired a new position in PVH in the third quarter valued at $14,439,000. Prudential Financial Inc. grew its stake in shares of PVH by 109.8% in the 1st quarter. Prudential Financial Inc. now owns 348,447 shares of the textile maker’s stock valued at $26,695,000 after purchasing an additional 182,351 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of PVH by 74.5% during the first quarter. Goldman Sachs Group Inc. now owns 393,503 shares of the textile maker’s stock worth $30,147,000 after purchasing an additional 167,984 shares during the period. Invesco Ltd. lifted its holdings in shares of PVH by 9.7% during the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after purchasing an additional 148,917 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in PVH by 245.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 116,062 shares of the textile maker’s stock valued at $8,892,000 after buying an additional 82,472 shares during the last quarter. Hedge funds and other institutional investors own 95.82% of the company’s stock.

PVH Company Profile

(Get Rating)

PVH Corp. operates as an apparel company worldwide. 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, including 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.

Featured Stories

Earnings History for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.