PVH (NYSE:PVH – Get 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:PVH – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The textile maker reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. PVH had a net margin of 10.19% and a return on equity of 12.72%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the firm earned $2.72 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. On average, analysts expect PVH to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
PVH Trading Up 4.5 %
NYSE PVH opened at $61.38 on Wednesday. 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. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.35 and a quick ratio of 0.71. PVH has a 12 month low of $43.49 and a 12 month high of $120.74. The company’s fifty day moving average price is $51.92 and its two-hundred day moving average price is $59.15.
PVH Cuts Dividend
Institutional Investors Weigh In On PVH
Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its position in shares of PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after acquiring an additional 244 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of PVH by 38.3% in the first quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 425 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of PVH by 44.0% in the first quarter. Federated Hermes Inc. now owns 2,512 shares of the textile maker’s stock worth $193,000 after buying an additional 767 shares during the period. Mirabella Financial Services LLP acquired a new position in PVH during the first quarter valued at $217,000. Finally, Delphia USA Inc. purchased a new stake in PVH in the 1st quarter worth about $234,000. Institutional investors and hedge funds own 95.82% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on PVH. Barclays cut their price objective on PVH from $87.00 to $60.00 in a research note on Friday, September 2nd. Morgan Stanley dropped their price target on PVH from $83.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, September 2nd. Cowen decreased their price objective on shares of PVH to $70.00 in a report on Tuesday, September 6th. Credit Suisse Group dropped their target price on shares of PVH from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, August 31st. Finally, Evercore ISI decreased their price target on shares of PVH to $60.00 in a report on Tuesday, September 6th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.53.
PVH Company Profile
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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