PVH Corp (PVH) Expected to Announce Quarterly Sales of $2.53 Billion

Equities research analysts expect PVH Corp (NYSE:PVH) to report sales of $2.53 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PVH’s earnings, with the highest sales estimate coming in at $2.54 billion and the lowest estimate coming in at $2.52 billion. PVH reported sales of $2.36 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The business is expected to issue its next quarterly earnings results on Wednesday, December 5th.

On average, analysts expect that PVH will report full-year sales of $9.59 billion for the current fiscal year, with estimates ranging from $9.55 billion to $9.62 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $10.03 billion, with estimates ranging from $9.85 billion to $10.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow PVH.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.09. PVH had a return on equity of 13.07% and a net margin of 7.28%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $1.69 EPS. The firm’s revenue was up 12.8% on a year-over-year basis.

Several research analysts have recently issued reports on PVH shares. Buckingham Research reduced their price target on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday. DA Davidson started coverage on PVH in a research report on Tuesday, September 25th. They issued a “buy” rating and a $167.00 price target on the stock. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Friday, August 17th. Bank of America set a $180.00 price target on PVH and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Piper Jaffray Companies set a $177.00 price target on PVH and gave the stock a “buy” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. PVH presently has a consensus rating of “Buy” and an average target price of $171.80.

Hedge funds have recently bought and sold shares of the business. Martingale Asset Management L P lifted its holdings in PVH by 225.2% during the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock worth $1,320,000 after acquiring an additional 6,102 shares in the last quarter. Millennium Management LLC raised its stake in shares of PVH by 118.4% in the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after purchasing an additional 507,641 shares during the period. Globeflex Capital L P raised its stake in shares of PVH by 28.7% in the 2nd quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock valued at $998,000 after purchasing an additional 1,484 shares during the period. California Public Employees Retirement System raised its stake in shares of PVH by 4.1% in the 2nd quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock valued at $29,224,000 after purchasing an additional 7,714 shares during the period. Finally, Exane Asset Management acquired a new stake in shares of PVH in the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

NYSE:PVH opened at $126.30 on Friday. PVH has a 12-month low of $120.91 and a 12-month high of $169.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.72. The firm has a market capitalization of $11.08 billion, a PE ratio of 15.97, a P/E/G ratio of 1.23 and a beta of 0.77.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Wednesday, August 29th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH’s dividend payout ratio is presently 1.89%.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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