PVH (NYSE:PVH – Get Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, June 1st. Analysts expect the company to announce earnings of $1.58 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
PVH (NYSE:PVH – Get Rating) last posted its earnings results on Tuesday, March 29th. The textile maker reported $2.84 EPS for the quarter, topping the consensus estimate of $1.98 by $0.86. PVH had a return on equity of 14.34% and a net margin of 10.40%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company earned ($0.38) EPS. PVH’s revenue was up 16.3% on a year-over-year basis. On average, analysts expect PVH to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.
PVH stock opened at $62.28 on Wednesday. The business has a fifty day moving average price of $74.54 and a 200 day moving average price of $91.66. PVH has a fifty-two week low of $60.35 and a fifty-two week high of $125.42. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 4.68, a P/E/G ratio of 1.18 and a beta of 2.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.83.
In other PVH news, EVP Dana Perlman sold 455 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $80.50, for a total transaction of $36,627.50. Following the transaction, the executive vice president now owns 16,409 shares of the company’s stock, valued at $1,320,924.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its position in PVH by 245.5% during the first quarter. BNP Paribas Arbitrage SA now owns 116,062 shares of the textile maker’s stock worth $8,892,000 after buying an additional 82,472 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of PVH in the first quarter valued at approximately $217,000. Penn Capital Management Company LLC grew its position in shares of PVH by 7.8% in the first quarter. Penn Capital Management Company LLC now owns 29,384 shares of the textile maker’s stock valued at $2,350,000 after purchasing an additional 2,115 shares during the last quarter. MidWestOne Financial Group Inc. acquired a new position in shares of PVH in the first quarter valued at approximately $688,000. Finally, Delphia USA Inc. acquired a new position in shares of PVH in the first quarter valued at approximately $234,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Bank of America raised their price target on PVH from $136.00 to $156.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Wells Fargo & Company lowered their target price on PVH from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 5th. OTR Global cut PVH to a “positive” rating in a research note on Wednesday, May 4th. Citigroup lowered their target price on PVH from $105.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday, March 31st. Finally, The Goldman Sachs Group lowered their target price on PVH from $140.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, April 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.29.
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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