PVH (PVH) Set to Announce Earnings on Wednesday

PVH (NYSE:PVH – Get Rating) will post its quarterly earnings results after the market closes on Wednesday, May 31st. Analysts expect PVH to post earnings of $1.93 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PVH (NYSE:PVH – Get Rating) last announced its earnings results on Tuesday, March 28th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.71. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.36 billion. PVH had a return on equity of 11.69% and a net margin of 2.22%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. On average, analysts expect PVH to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

PVH Stock Down 2.6 %

Shares of NYSE PVH opened at $83.70 on Wednesday. The stock has a market cap of $5.26 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 0.53 and a beta of 2.10. The company has a quick ratio of 0.64, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. PVH has a 52-week low of $43.49 and a 52-week high of $94.51. The business has a 50-day moving average price of $83.11 and a 200 day moving average price of $78.08.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. PVH’s dividend payout ratio (DPR) is presently 5.07%.

Analysts Set New Price Targets

PVH has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on PVH from $51.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 29th. JPMorgan Chase & Co. increased their price objective on PVH from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Telsey Advisory Group increased their price objective on PVH from $90.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 29th. Evercore ISI increased their price objective on PVH from $60.00 to $100.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 29th. Finally, TD Cowen raised their price target on PVH from $86.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, April 3rd. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $90.11.

Hedge Funds Weigh In On PVH

Several hedge funds have recently bought and sold shares of PVH. Belpointe Asset Management LLC increased its stake in PVH by 39.8% in the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 140 shares in the last quarter. Covestor Ltd increased its position in PVH by 69.3% during the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after buying an additional 244 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in PVH during the first quarter worth $53,000. Captrust Financial Advisors increased its position in PVH by 38.3% during the first quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock worth $118,000 after buying an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in PVH by 44.0% during 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 in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

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PVH Corp. engages in the design and marketing of dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Tommy Hilfiger, Calvin Klein, and Heritage Brands. The Tommy Hilfiger segment consists of the Tommy Hilfiger North America and Tommy Hilfiger International.