PVH (NYSE:PVH) Issues Q4 Earnings Guidance

PVH (NYSE:PVH) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $3.05-3.20 for the period, compared to the consensus EPS estimate of $3.71. The company issued revenue guidance of $2.32-2.34 billion, compared to the consensus revenue estimate of $2.38 billion.

Wall Street Analyst Weigh In

Several research firms have recently commented on PVH. Guggenheim reduced their price target on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. The Goldman Sachs Group reduced their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays dropped their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Morgan Stanley lowered their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. Finally, BMO Capital Markets lowered their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Performance

Shares of NYSE:PVH traded up $1.27 during trading on Wednesday, hitting $112.86. 1,541,261 shares of the company traded hands, compared to its average volume of 836,596. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10. The business’s fifty day moving average is $100.14 and its 200-day moving average is $103.03. PVH has a one year low of $89.56 and a one year high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.90 earnings per share. As a group, equities analysts predict that PVH will post 11.75 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.