PVH (NYSE:PVH) Releases Earnings Results, Beats Estimates By $0.21 EPS

PVH (NYSE:PVHGet Free Report) released its quarterly earnings results on Tuesday. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21, Briefing.com reports. PVH had a net margin of 7.20% and a return on equity of 12.96%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. PVH’s revenue was up .0% compared to the same quarter last year.

PVH Stock Down 2.9 %

PVH stock opened at $105.49 on Thursday. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The stock has a market cap of $6.29 billion, a P/E ratio of 9.72, a P/E/G ratio of 0.64 and a beta of 2.20. The company’s 50-day moving average price is $130.42 and its two-hundred day moving average price is $106.86. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio is presently 1.38%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at approximately $3,432,069. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 144 shares during the period. Belpointe Asset Management LLC increased its holdings in PVH by 39.8% during the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Covestor Ltd raised its position in PVH by 69.3% in the 1st quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock valued at $46,000 after buying an additional 244 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in PVH in the 1st quarter valued at about $53,000. Finally, Advisory Services Network LLC bought a new stake in PVH during the fourth quarter worth $104,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PVH has been the topic of several recent research reports. TD Cowen raised their price target on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price objective on PVH from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley reduced their price target on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday. The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and raised their price objective for the company from $99.00 to $126.00 in a report on Tuesday, December 12th. Finally, Wells Fargo & Company dropped their target price on PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.73.

Check Out Our Latest Report on PVH

PVH declared that its Board of Directors has approved a share buyback plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

PVH Company Profile

(Get Free Report)

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Earnings History for PVH (NYSE:PVH)

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