PVH (NYSE:PVH) Releases Q3 Earnings Guidance

PVH (NYSE:PVH) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.95-3.00 for the period, compared to the Thomson Reuters consensus estimate of $3.56. The company issued revenue guidance of +1% to $2.36 billion, compared to the consensus revenue estimate of $2.62 billion.PVH also updated its FY 2019 guidance to $9.30-9.40 EPS.

Several brokerages have weighed in on PVH. Citigroup dropped their price target on shares of PVH from $128.00 to $91.00 and set a neutral rating for the company in a research report on Friday, May 31st. Nomura dropped their price target on shares of PVH from $125.00 to $98.00 and set a neutral rating for the company in a research report on Friday, May 31st. Deutsche Bank dropped their target price on shares of PVH from $178.00 to $145.00 and set a buy rating for the company in a research report on Thursday, May 30th. Goldman Sachs Group cut shares of PVH from a neutral rating to a sell rating and dropped their target price for the stock from $101.00 to $82.00 in a research report on Wednesday, July 17th. Finally, Bank of America set a $165.00 target price on shares of PVH and gave the stock a buy rating in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $117.89.

Shares of NYSE:PVH traded up $1.76 on Wednesday, hitting $71.57. The company had a trading volume of 1,409,931 shares, compared to its average volume of 1,274,101. The firm’s 50-day simple moving average is $80.44 and its two-hundred day simple moving average is $102.87. PVH has a 1 year low of $67.41 and a 1 year high of $157.11. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.56 and a beta of 1.40.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 29th. The textile maker reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.02. PVH had a net margin of 6.69% and a return on equity of 13.03%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the company posted $2.36 EPS. PVH’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that PVH will post 10.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 30th will be given a dividend of $0.038 per share. This is a boost from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, August 29th. PVH’s dividend payout ratio (DPR) is 1.56%.

In other PVH news, Director Henry Nasella purchased 1,200 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average cost of $82.84 per share, with a total value of $99,408.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

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, 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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