PVH (NYSE:PVH) Announces Earnings Results, Beats Expectations By $0.08 EPS

PVH (NYSE:PVH) announced its quarterly earnings results on Monday. The textile maker reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08, Briefing.com reports. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.72 earnings per share.

PVH Trading Up 18.0 %

Shares of PVH stock opened at $76.29 on Wednesday. The firm has a market cap of $4.24 billion, a PE ratio of 6.21, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH has a 1 year low of $62.91 and a 1 year high of $124.68. The stock has a fifty day moving average price of $75.95 and a 200-day moving average price of $92.59.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH’s dividend payout ratio is currently 1.22%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays reduced their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Guggenheim raised their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 target price on shares of PVH in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.07.

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.