Zacks: Brokerages Anticipate PVH Corp. (NYSE:PVH) to Announce $1.58 Earnings Per Share

Brokerages forecast that PVH Corp. (NYSE:PVH – Get Rating) will announce earnings of $1.58 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for PVH’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.63. PVH reported earnings per share of $1.92 in the same quarter last year, which suggests a negative year over year growth rate of 17.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PVH will report full year earnings of $8.96 per share for the current financial year, with EPS estimates ranging from $8.75 to $9.02. For the next year, analysts forecast that the firm will post earnings of $10.56 per share, with EPS estimates ranging from $9.68 to $11.87. Zacks’ EPS averages are an average based on a survey of research analysts that cover PVH.

PVH (NYSE:PVH – Get Rating) last posted its earnings results on Tuesday, March 29th. The textile maker reported $2.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.84. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.38 billion. PVH had a net margin of 10.40% and a return on equity of 14.34%. PVH’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.38) EPS.

A number of analysts recently weighed in on PVH shares. Zacks Investment Research lowered shares of PVH from a “hold” rating to a “sell” rating and set a $89.00 target price on the stock. in a report on Monday, March 28th. Bank of America increased their price target on shares of PVH from $136.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. Citigroup decreased their price target on shares of PVH from $105.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PVH from $125.00 to $99.00 and set a “hold” rating on the stock in a report on Friday, April 1st. Finally, StockNews.com initiated coverage on shares of PVH in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PVH has a consensus rating of “Hold” and an average price target of $110.29.

In other PVH news, EVP Dana Perlman sold 455 shares of the stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $80.50, for a total transaction of $36,627.50. Following the completion of the sale, the executive vice president now owns 16,409 shares of the company’s stock, valued at approximately $1,320,924.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of PVH in the 4th quarter worth about $26,000. Dark Forest Capital Management LP lifted its position in shares of PVH by 73.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 257 shares of the textile maker’s stock worth $26,000 after purchasing an additional 109 shares during the period. CWM LLC purchased a new stake in shares of PVH in the 4th quarter worth about $33,000. Covestor Ltd purchased a new stake in shares of PVH in the 4th quarter worth about $38,000. Finally, TCI Wealth Advisors Inc. lifted its position in shares of PVH by 2,076.5% in the 1st quarter. TCI Wealth Advisors Inc. now owns 370 shares of the textile maker’s stock worth $28,000 after purchasing an additional 353 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

PVH stock opened at $74.77 on Tuesday. The firm’s 50 day simple moving average is $79.82 and its 200 day simple moving average is $96.71. The company has a current ratio of 1.31, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.08 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 1.35 and a beta of 2.20. PVH has a 1-year low of $66.10 and a 1-year high of $125.42.

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

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.

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