PVH (NYSE:PVH) Updates Q4 2019 Pre-Market Earnings Guidance

PVH (NYSE:PVH) updated its fourth quarter 2019
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 1.79-1.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. PVH also updated its FY 2019
Pre-Market guidance to 9.45-9.45 EPS.

A number of analysts recently issued reports on the stock. DA Davidson increased their target price on shares of PVH from $105.00 to $115.00 and gave the stock a buy rating in a research report on Wednesday, November 27th. Zacks Investment Research downgraded shares of PVH from a buy rating to a hold rating and set a $106.00 target price for the company. in a research report on Monday. JPMorgan Chase & Co. downgraded shares of PVH from an overweight rating to a neutral rating and set a $93.00 target price for the company. in a research report on Monday, October 28th. Guggenheim reissued a buy rating and set a $125.00 target price on shares of PVH in a research report on Tuesday, November 19th. Finally, ValuEngine raised shares of PVH from a sell rating to a hold rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $106.26.

Shares of PVH opened at $100.53 on Thursday. The business’s fifty day moving average price is $102.45 and its 200 day moving average price is $90.65. PVH has a 12-month low of $67.41 and a 12-month high of $134.24. The stock has a market capitalization of $7.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 0.71.

PVH (NYSE:PVH) last announced its quarterly earnings data on Monday, November 25th. The textile maker reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.11. PVH had a return on equity of 12.17% and a net margin of 6.57%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business posted $3.21 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that PVH will post 9.47 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is presently 1.56%.

PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Earnings History and Estimates for PVH (NYSE:PVH)

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