Q4 2024 EPS Estimates for PVH Corp. Increased by Zacks Research (NYSE:PVH)

PVH Corp. (NYSE:PVH) – Zacks Research raised their Q4 2024 EPS estimates for PVH in a report issued on Tuesday, September 12th. Zacks Research analyst R. Lohia now anticipates that the textile maker will post earnings per share of $3.52 for the quarter, up from their prior forecast of $3.14. The consensus estimate for PVH’s current full-year earnings is $10.33 per share. Zacks Research also issued estimates for PVH’s Q4 2025 earnings at $3.52 EPS.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 30th. The textile maker reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.23. PVH had a net margin of 1.99% and a return on equity of 11.63%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $102.00 price objective on shares of PVH in a research report on Thursday, August 31st. Piper Sandler increased their price objective on shares of PVH from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, August 31st. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of PVH in a research report on Wednesday, August 30th. BMO Capital Markets raised their price target on shares of PVH from $81.00 to $90.00 in a report on Thursday, June 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of PVH in a report on Wednesday, August 30th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.83.

PVH Price Performance

PVH stock opened at $79.78 on Friday. PVH has a 52-week low of $43.49 and a 52-week high of $94.51. The firm has a fifty day moving average of $84.04 and a 200-day moving average of $83.21. The firm has a market capitalization of $4.82 billion, a P/E ratio of 27.14, a PEG ratio of 0.57 and a beta of 2.09. The company has a quick ratio of 0.52, a current ratio of 1.09 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PVH. Alliancebernstein L.P. lifted its position in shares of PVH by 943.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock worth $115,003,000 after buying an additional 1,223,733 shares during the last quarter. FMR LLC lifted its position in shares of PVH by 29.4% in the 1st quarter. FMR LLC now owns 5,343,554 shares of the textile maker’s stock worth $476,431,000 after buying an additional 1,213,058 shares during the last quarter. Anomaly Capital Management LP bought a new position in shares of PVH in the 4th quarter worth about $47,561,000. Dimensional Fund Advisors LP lifted its position in shares of PVH by 26.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,407,946 shares of the textile maker’s stock worth $204,601,000 after buying an additional 506,374 shares during the last quarter. Finally, Norges Bank bought a new position in shares of PVH in the 4th quarter worth about $32,359,000. 97.25% of the stock is currently owned by institutional investors.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, September 5th. PVH’s dividend payout ratio is currently 5.10%.

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.