Zacks: Brokerages Anticipate PVH Corp. (NYSE:PVH) to Announce $2.02 Earnings Per Share

Equities analysts predict that PVH Corp. (NYSE:PVH) will announce $2.02 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for PVH’s earnings, with estimates ranging from $1.98 to $2.11. PVH posted earnings of $1.32 per share in the same quarter last year, which suggests a positive year over year growth rate of 53%. The company is scheduled to issue its next quarterly earnings results on Wednesday, December 1st.

On average, analysts expect that PVH will report full year earnings of $8.62 per share for the current year, with EPS estimates ranging from $8.48 to $8.98. For the next financial year, analysts anticipate that the business will post earnings of $9.59 per share, with EPS estimates ranging from $8.87 to $9.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for PVH.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, August 30th. The textile maker reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.52. PVH had a net margin of 3.42% and a return on equity of 8.36%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 46.3% on a year-over-year basis.

Several research analysts have commented on PVH shares. UBS Group upped their price objective on shares of PVH from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, September 2nd. Morgan Stanley increased their price target on shares of PVH from $124.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, September 2nd. Citigroup increased their price target on shares of PVH from $118.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, September 2nd. The Goldman Sachs Group began coverage on shares of PVH in a research note on Wednesday, July 14th. They issued a “buy” rating and a $127.00 price target for the company. Finally, TheStreet upgraded shares of PVH from a “c+” rating to a “b-” rating in a research note on Monday, September 27th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $120.15.

Shares of NYSE PVH opened at $107.56 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.92 and a debt-to-equity ratio of 0.55. PVH has a 12 month low of $57.35 and a 12 month high of $121.94. The firm has a market capitalization of $7.64 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 0.33 and a beta of 2.36. The firm has a fifty day simple moving average of $109.42 and a two-hundred day simple moving average of $108.44.

In other news, CFO Michael A. Shaffer sold 12,070 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $120.96, for a total transaction of $1,459,987.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emanuel Chirico sold 139,222 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $119.93, for a total value of $16,696,894.46. The disclosure for this sale can be found here. Insiders sold a total of 156,864 shares of company stock valued at $18,833,155 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of PVH. HighTower Advisors LLC lifted its holdings in shares of PVH by 3.1% in the 1st quarter. HighTower Advisors LLC now owns 3,833 shares of the textile maker’s stock valued at $406,000 after acquiring an additional 116 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of PVH by 22.0% in the 1st quarter. Teacher Retirement System of Texas now owns 7,919 shares of the textile maker’s stock valued at $837,000 after acquiring an additional 1,428 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of PVH by 4.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 28,086 shares of the textile maker’s stock valued at $2,637,000 after acquiring an additional 1,079 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PVH by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 1,314,335 shares of the textile maker’s stock valued at $138,709,000 after acquiring an additional 13,284 shares during the last quarter. Finally, Glenview Trust Co bought a new stake in PVH in the first quarter worth about $351,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

About PVH

PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.

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