PVH Corp (PVH) Expected to Announce Earnings of $2.44 Per Share

Wall Street brokerages forecast that PVH Corp (NYSE:PVH) will report earnings of $2.44 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for PVH’s earnings, with estimates ranging from $2.40 to $2.46. PVH reported earnings of $2.36 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The firm is scheduled to issue its next earnings report on Wednesday, May 29th.

On average, analysts expect that PVH will report full year earnings of $10.38 per share for the current financial year, with EPS estimates ranging from $9.92 to $10.70. For the next year, analysts forecast that the business will report earnings of $11.52 per share, with EPS estimates ranging from $11.27 to $11.97. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover PVH.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.08. PVH had a net margin of 7.73% and a return on equity of 13.12%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year.

Several equities analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a report on Friday, March 29th. JPMorgan Chase & Co. increased their price target on shares of PVH from $132.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of PVH from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. DA Davidson increased their price target on shares of PVH to $150.00 and gave the stock a “buy” rating in a report on Friday, March 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 price target (up previously from $145.00) on shares of PVH in a report on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $146.40.

In other news, CEO Francis K. Duane sold 6,171 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total transaction of $785,383.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dana Perlman sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $135,881.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of PVH during the 4th quarter valued at approximately $28,000. Virtu Financial LLC purchased a new position in shares of PVH during the 4th quarter valued at approximately $381,000. Gateway Investment Advisers LLC lifted its position in shares of PVH by 2,788.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 91,260 shares of the textile maker’s stock valued at $8,483,000 after buying an additional 88,100 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of PVH by 2.0% during the 1st quarter. Eagle Asset Management Inc. now owns 43,018 shares of the textile maker’s stock valued at $5,246,000 after buying an additional 846 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 473,716 shares of the textile maker’s stock valued at $44,032,000 after buying an additional 5,474 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of PVH traded up $0.47 during mid-day trading on Tuesday, hitting $112.97. 19,249 shares of the company traded hands, compared to its average volume of 1,098,229. PVH has a 1-year low of $86.46 and a 1-year high of $169.22. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.96 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH’s payout ratio is 1.56%.

PVH announced that its Board of Directors has approved a share repurchase program on Wednesday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

PVH Company Profile

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, 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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Earnings History and Estimates for PVH (NYSE:PVH)

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