PVH Corp. (NYSE:PVH) Expected to Announce Quarterly Sales of $2.40 Billion

Wall Street analysts expect that PVH Corp. (NYSE:PVH) will post $2.40 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for PVH’s earnings, with estimates ranging from $2.39 billion to $2.42 billion. PVH reported sales of $2.12 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The business is scheduled to issue its next earnings results on Wednesday, December 1st.

On average, analysts expect that PVH will report full-year sales of $9.13 billion for the current year, with estimates ranging from $9.05 billion to $9.19 billion. For the next financial year, analysts expect that the business will post sales of $9.64 billion, with estimates ranging from $9.42 billion to $10.08 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for PVH.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, August 30th. The textile maker reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $1.52. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.14 billion. PVH had a return on equity of 8.36% and a net margin of 3.42%. The company’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS.

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on PVH from $109.00 to $123.00 and gave the stock a “hold” rating in a research note on Thursday, September 2nd. Telsey Advisory Group upped their price target on PVH from $128.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, September 2nd. The Goldman Sachs Group initiated coverage on PVH in a report on Wednesday, July 14th. They issued a “buy” rating and a $127.00 price target for the company. UBS Group upped their price target on PVH from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, September 2nd. Finally, upped their price target on PVH from $112.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, June 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, PVH currently has an average rating of “Hold” and an average price target of $118.58.

In related news, CEO Martijn Hagman sold 5,572 shares of the stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $121.37, for a total value of $676,273.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael A. Shaffer sold 12,070 shares of the stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $120.96, for a total value of $1,459,987.20. The disclosure for this sale can be found here. Insiders sold 156,864 shares of company stock valued at $18,833,155 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of PVH by 0.5% during the first quarter. Arizona State Retirement System now owns 20,695 shares of the textile maker’s stock worth $2,187,000 after purchasing an additional 99 shares in the last quarter. Norinchukin Bank The increased its position in shares of PVH by 1.7% during the first quarter. Norinchukin Bank The now owns 5,917 shares of the textile maker’s stock worth $625,000 after purchasing an additional 99 shares in the last quarter. State of Michigan Retirement System increased its position in shares of PVH by 0.6% during the second quarter. State of Michigan Retirement System now owns 17,956 shares of the textile maker’s stock worth $1,932,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems increased its position in shares of PVH by 0.7% during the second quarter. Utah Retirement Systems now owns 13,548 shares of the textile maker’s stock worth $1,458,000 after purchasing an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of PVH by 34.4% during the first quarter. McIlrath & Eck LLC now owns 414 shares of the textile maker’s stock worth $44,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 98.38% of the company’s stock.

PVH stock traded down $2.15 during trading hours on Tuesday, hitting $109.09. 784,524 shares of the stock traded hands, compared to its average volume of 992,436. PVH has a 1 year low of $57.35 and a 1 year high of $121.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.48 and a quick ratio of 0.92. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 0.33 and a beta of 2.36. The firm’s 50 day moving average price is $107.36 and its 200-day moving average price is $107.79.

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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