PVH (NYSE:PVH) Updates Q4 Earnings Guidance

PVH (NYSE:PVH) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.05-3.20 for the period, compared to the consensus 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.

PVH Price Performance

PVH stock traded up $1.27 during trading on Wednesday, reaching $112.86. 1,472,427 shares of the company were exchanged, compared to its average volume of 834,474. The stock’s 50 day moving average price is $100.14 and its 200 day moving average price is $103.03. The company has a market cap of $6.30 billion, a P/E ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10. PVH has a 52-week low of $89.56 and a 52-week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. 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 presently 1.19%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PVH. Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Morgan Stanley lowered their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, November 27th. Finally, Barclays lowered their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

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.