PVH (NYSE:PVH) Releases Q4 2024 Earnings Guidance

PVH (NYSE:PVH) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. 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.

PVH Trading Down 0.6 %

PVH traded down $0.71 during trading hours on Thursday, reaching $112.15. 685,194 shares of the company’s stock traded hands, compared to its average volume of 836,052. The firm has a 50-day moving average price of $100.50 and a 200 day moving average price of $103.10. PVH has a 52-week low of $89.56 and a 52-week 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. The firm has a market capitalization of $6.26 billion, a PE ratio of 8.95, a PEG ratio of 1.00 and a beta of 2.10.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business earned $2.90 EPS. PVH’s revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that PVH will post 11.75 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is presently 1.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets decreased their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased their target price 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, The Goldman Sachs Group decreased their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $126.53.

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.