PVH (NYSE:PVH) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

PVH (NYSE:PVH) released its earnings results on Monday. The textile maker reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.99 by $0.11, Briefing.com reports. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.54 billion. PVH had a return on equity of 12.64% and a net margin of 6.96%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $3.21 EPS. PVH updated its Q4 guidance to $1.77-1.79 EPS and its FY20 guidance to $9.43-9.45 EPS.

Shares of PVH stock opened at $100.58 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. PVH has a 12 month low of $67.41 and a 12 month high of $134.24. The business has a fifty day simple moving average of $92.37 and a 200 day simple moving average of $89.71. The stock has a market cap of $7.40 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49.

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is presently 1.56%.

In related news, CEO Emanuel Chirico acquired 133,155 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $74.99 per share, with a total value of $9,985,293.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Nasella acquired 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $80.37 per share, with a total value of $502,312.50. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Several equities research analysts have recently commented on PVH shares. Goldman Sachs Group lowered their target price on PVH from $82.00 to $73.00 and set a “sell” rating for the company in a research note on Friday, August 30th. Cowen lowered their target price on PVH from $95.00 to $80.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Royal Bank of Canada set a $95.00 target price on PVH and gave the company a “buy” rating in a research note on Wednesday, August 21st. Zacks Investment Research cut PVH from a “hold” rating to a “sell” rating and set a $95.00 target price for the company. in a research note on Monday, November 4th. Finally, Morgan Stanley lowered their target price on PVH from $151.00 to $148.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. PVH currently has an average rating of “Buy” and a consensus target price of $105.20.

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 for PVH (NYSE:PVH)

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