PVH (NYSE:PVH) Releases Quarterly Earnings Results, Beats Estimates By $0.44 EPS

PVH (NYSE:PVH) posted its earnings results on Wednesday. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44, Briefing.com reports. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company posted $2.90 EPS. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. PVH updated its Q4 guidance to $3.05-3.20 EPS.

PVH Stock Down 3.5 %

Shares of NYSE PVH opened at $108.86 on Friday. PVH has a 1 year low of $89.56 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm has a market cap of $6.08 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.00 and a beta of 2.10. The company has a 50 day simple moving average of $100.50 and a 200 day simple moving average of $103.10.

PVH Announces Dividend

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

Analyst Upgrades and Downgrades

PVH has been the subject of several recent research reports. Barclays reduced their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday. Guggenheim cut their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, BMO Capital Markets decreased their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target 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.