Brokerages predict that PVH Corp (NYSE:PVH) will report sales of $2.32 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PVH’s earnings. The lowest sales estimate is $2.28 billion and the highest is $2.35 billion. PVH reported sales of $2.11 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is scheduled to announce its next earnings report on Wednesday, March 28th.
According to Zacks, analysts expect that PVH will report full-year sales of $2.32 billion for the current financial year, with estimates ranging from $8.69 billion to $8.77 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.12 billion per share, with estimates ranging from $8.86 billion to $9.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover PVH.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 earnings per share.
A number of research analysts recently weighed in on PVH shares. Deutsche Bank started coverage on shares of PVH in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 price objective on the stock. Piper Jaffray Companies restated a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Wednesday, November 1st. Cowen set a $145.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, B. Riley restated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. PVH has an average rating of “Buy” and an average target price of $149.76.
PVH (PVH) opened at $151.07 on Friday. The firm has a market cap of $11,860.20, a P/E ratio of 22.48, a P/E/G ratio of 1.34 and a beta of 0.67. PVH has a 52-week low of $84.53 and a 52-week high of $157.96. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.
In other news, insider Melanie Steiner sold 320 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total value of $43,836.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven B. Shiffman sold 3,100 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $136.38, for a total transaction of $422,778.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 392,290 shares of company stock valued at $52,131,795. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in PVH. Profund Advisors LLC purchased a new stake in shares of PVH in the second quarter worth $243,000. Stifel Financial Corp grew its stake in PVH by 62.8% during the second quarter. Stifel Financial Corp now owns 39,377 shares of the textile maker’s stock valued at $4,502,000 after acquiring an additional 15,183 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in PVH by 2.7% during the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 57 shares in the last quarter. Royal Bank of Canada grew its stake in PVH by 548.0% during the second quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock valued at $34,043,000 after acquiring an additional 251,424 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in PVH by 75.1% during the second quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock valued at $2,567,000 after acquiring an additional 9,611 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.
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PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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