Zacks: Analysts Expect PVH Corp (PVH) Will Post Quarterly Sales of $2.41 Billion

Analysts predict that PVH Corp (NYSE:PVH) will announce $2.41 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for PVH’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.40 billion. PVH posted sales of $2.50 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3.6%. The firm is scheduled to announce its next earnings report on Wednesday, March 27th.

According to Zacks, analysts expect that PVH will report full year sales of $9.58 billion for the current fiscal year, with estimates ranging from $9.57 billion to $9.59 billion. For the next financial year, analysts expect that the firm will report sales of $9.84 billion, with estimates ranging from $9.71 billion to $9.99 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover PVH.

PVH (NYSE:PVH) last posted its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.02 EPS.

A number of equities analysts have weighed in on PVH shares. Zacks Investment Research reissued a “hold” rating on shares of PVH in a research report on Wednesday, November 14th. DA Davidson upped their price objective on shares of PVH to $134.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Royal Bank of Canada started coverage on shares of PVH in a research report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $150.00 price objective on shares of PVH in a research report on Sunday, December 2nd. Finally, Cowen set a $142.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $147.76.

In other PVH news, CEO Emanuel Chirico bought 10,000 shares of the business’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $95.51 per share, with a total value of $955,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig W. Rydin bought 1,050 shares of the business’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of $94.09 per share, for a total transaction of $98,794.50. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PVH. JPMorgan Chase & Co. lifted its holdings in PVH by 54.5% in the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after acquiring an additional 2,356,377 shares during the last quarter. Point72 Asset Management L.P. bought a new position in PVH in the third quarter worth about $110,677,000. FMR LLC lifted its holdings in PVH by 9.1% in the second quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after acquiring an additional 575,989 shares during the last quarter. AQR Capital Management LLC lifted its holdings in PVH by 84.6% in the third quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock worth $112,231,000 after acquiring an additional 356,158 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in PVH by 26.0% in the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock worth $168,108,000 after acquiring an additional 240,510 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PVH opened at $112.53 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.84 and a beta of 1.07. PVH has a 1-year low of $86.46 and a 1-year high of $169.22.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. PVH’s payout ratio is 1.89%.

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, 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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