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

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

PVH Trading Up 1.1 %

NYSE PVH opened at $112.78 on Thursday. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.00 and a beta of 2.10. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH has a twelve month low of $89.56 and a twelve month high of $141.15. The business’s fifty day moving average is $100.14 and its 200 day moving average is $103.03.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 0.13%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, November 27th. Morgan Stanley dropped their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

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.