PVH (NYSE:PVH) Releases Q1 2022 Earnings Guidance

PVH (NYSE:PVHGet Rating) issued an update on its first quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.550-$1.600 for the period, compared to the Thomson Reuters consensus estimate of $2.350. The company issued revenue guidance of -.PVH also updated its FY 2022 guidance to $9.000-$9.000 EPS.

Shares of NYSE PVH opened at $75.00 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $86.49 and its two-hundred day moving average is $100.00. The company has a market cap of $5.10 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.35 and a beta of 2.20. PVH has a 12 month low of $66.10 and a 12 month high of $125.42.

PVH (NYSE:PVHGet Rating) last released its quarterly earnings data on Tuesday, March 29th. The textile maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.84. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.38 billion. PVH had a return on equity of 14.34% and a net margin of 10.40%. PVH’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) earnings per share. Sell-side analysts expect that PVH will post 8.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Friday, March 11th were given a dividend of $0.038 per share. The ex-dividend date was Thursday, March 10th. This is a boost from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. PVH’s payout ratio is currently 1.13%.

A number of analysts have recently issued reports on PVH shares. StockNews.com assumed coverage on PVH in a research note on Thursday, March 31st. They issued a strong-buy rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on PVH from $125.00 to $99.00 and set a hold rating on the stock in a research note on Friday, April 1st. Truist Financial reduced their price objective on PVH from $100.00 to $81.00 and set a hold rating on the stock in a research note on Tuesday, April 5th. Credit Suisse Group reduced their price objective on PVH from $145.00 to $112.00 and set an outperform rating on the stock in a research note on Wednesday, March 30th. Finally, Wells Fargo & Company reduced their price objective on PVH from $95.00 to $90.00 and set an equal weight rating on the stock in a research note on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PVH has an average rating of Hold and a consensus target price of $109.82.

Several institutional investors have recently made changes to their positions in PVH. CIBC World Markets Inc. bought a new stake in shares of PVH in the fourth quarter worth about $203,000. Squarepoint Ops LLC bought a new stake in shares of PVH in the fourth quarter worth about $215,000. NewEdge Advisors LLC bought a new stake in shares of PVH in the fourth quarter worth about $240,000. Metropolitan Life Insurance Co NY increased its holdings in shares of PVH by 16.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,117 shares of the textile maker’s stock worth $866,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of PVH by 38.5% in the fourth quarter. Millennium Management LLC now owns 10,180 shares of the textile maker’s stock worth $1,086,000 after acquiring an additional 2,828 shares in the last quarter. Institutional investors own 99.58% of the company’s stock.

About PVH (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.

Further Reading

Earnings History and Estimates for PVH (NYSE:PVH)

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