PVH (NYSE:PVH) Releases Q4 2024 Earnings Guidance

PVH (NYSE:PVH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.050-3.200 for the period, compared to the consensus estimate of 3.710. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.4 billion. PVH also updated its FY 2024 guidance to 11.550-11.700 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Guggenheim decreased their price objective on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of PVH in a research report on Wednesday. Finally, BMO Capital Markets decreased 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Down 3.5 %

Shares of PVH stock opened at $108.86 on Friday. The stock has a 50-day simple moving average of $100.72 and a 200-day simple moving average of $103.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH has a 52-week low of $89.56 and a 52-week high of $141.15. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.00 and a beta of 2.10.

PVH (NYSE:PVH) last announced its quarterly 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. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company posted $2.90 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that PVH will post 11.75 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.22%.

About PVH

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.