PVH (NYSE:PVH) Issues FY20 Earnings Guidance

PVH (NYSE:PVH) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $9.30-9.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.12. The company issued revenue guidance of +1% to ~$9.75 billion, compared to the consensus revenue estimate of $9.91 billion.PVH also updated its FY 2019 guidance to $9.30-9.40 EPS.

Several research firms have issued reports on PVH. Nomura decreased their price target on shares of PVH from $125.00 to $98.00 and set a neutral rating on the stock in a research note on Friday, May 31st. Deutsche Bank decreased their price target on shares of PVH from $178.00 to $145.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Morgan Stanley decreased their target price on shares of PVH from $151.00 to $148.00 and set an overweight rating on the stock in a research report on Wednesday. Zacks Investment Research raised shares of PVH from a sell rating to a hold rating and set a $99.00 target price on the stock in a research report on Monday, July 1st. Finally, ValuEngine cut shares of PVH from a sell rating to a strong sell rating in a research report on Wednesday, May 29th. Two equities research 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 stock. The stock has an average rating of Buy and a consensus target price of $111.47.

Shares of PVH traded up $5.17 during mid-day trading on Thursday, hitting $76.74. The company had a trading volume of 130,966 shares, compared to its average volume of 1,538,385. The business’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $102.87. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. PVH has a 1-year low of $67.41 and a 1-year high of $157.11. The stock has a market cap of $5.28 billion, a PE ratio of 8.11, a P/E/G ratio of 0.58 and a beta of 1.40.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 28th. The textile maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.21. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.33 billion. PVH had a net margin of 6.69% and a return on equity of 13.03%. PVH’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 earnings per share. On average, sell-side analysts expect that PVH will post 10.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be given a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. This is a boost from PVH’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, August 29th. PVH’s payout ratio is 1.56%.

In other PVH news, Director Henry Nasella purchased 1,200 shares of PVH stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $82.84 per share, with a total value of $99,408.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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