PVH (NYSE:PVH) Issues Q3 Earnings Guidance

PVH (NYSE:PVH) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.50 for the period, compared to the consensus EPS estimate of $3.12. The company issued revenue guidance of $2.05-2.07 billion, compared to the consensus revenue estimate of $2.26 billion. PVH also updated its FY 2024 guidance to 11.550-11.800 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of PVH from $110.00 to $119.00 and gave the company a market perform rating in a research note on Wednesday, June 5th. Bank of America reduced their price objective on shares of PVH from $144.00 to $133.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Jefferies Financial Group began coverage on shares of PVH in a report on Tuesday, April 30th. They set a hold rating and a $115.00 price target on the stock. Telsey Advisory Group reaffirmed an outperform rating and set a $140.00 price target on shares of PVH in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price target on shares of PVH from $110.00 to $120.00 and gave the company an equal weight rating in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, PVH presently has a consensus rating of Moderate Buy and a consensus price target of $132.81.

PVH Stock Performance

PVH opened at $104.46 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 12-month low of $69.27 and a 12-month high of $141.15. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.77 and a beta of 2.14. The company’s 50 day moving average is $102.76 and its 200 day moving average is $114.79.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 7.53% and a return on equity of 13.14%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts predict that PVH will post 11.23 EPS for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

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.