Q2 2020 EPS Estimates for PVH Corp Decreased by Piper Jaffray Companies (PVH)

PVH Corp (NYSE:PVH) – Investment analysts at Piper Jaffray Companies cut their Q2 2020 earnings per share estimates for PVH in a research note issued on Wednesday, November 21st. Piper Jaffray Companies analyst E. Murphy now expects that the textile maker will earn $2.44 per share for the quarter, down from their prior estimate of $2.46. Piper Jaffray Companies has a “Buy” rating and a $175.00 price objective on the stock. Piper Jaffray Companies also issued estimates for PVH’s Q3 2020 earnings at $3.51 EPS, Q4 2020 earnings at $1.85 EPS and FY2020 earnings at $10.30 EPS.

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

A number of other analysts have also commented on the company. Bank of America set a $180.00 price target on PVH and gave the stock a “buy” rating in a research note on Thursday, August 30th. ValuEngine lowered PVH from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Barclays set a $178.00 price target on PVH and gave the stock a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday, August 17th. Finally, Buckingham Research dropped their price target on PVH from $188.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $167.45.

Shares of PVH stock opened at $110.12 on Monday. PVH has a 52 week low of $106.63 and a 52 week high of $169.22. The firm has a market capitalization of $8.45 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 1.72 and a debt-to-equity ratio of 0.52.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fort L.P. bought a new position in shares of PVH during the second quarter valued at $115,000. Opera Trading Capital bought a new position in shares of PVH during the second quarter valued at $120,000. SRS Capital Advisors Inc. bought a new position in shares of PVH during the third quarter valued at $125,000. Advisors Asset Management Inc. increased its holdings in shares of PVH by 709.9% during the second quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock valued at $131,000 after acquiring an additional 4,103 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of PVH during the third quarter valued at $211,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 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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Earnings History and Estimates for PVH (NYSE:PVH)

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