PVH (NYSE:PVH) Releases FY 2024 Earnings Guidance

PVH (NYSE:PVH) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 11.550-11.700 for the period, compared to the consensus estimate of 11.720. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion. PVH also updated its Q4 2024 guidance to 3.050-3.200 EPS.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. TD Cowen cut their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. The Goldman Sachs Group cut their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Barclays cut their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company cut their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Price Performance

Shares of PVH stock opened at $108.86 on Friday. PVH has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $100.72 and a two-hundred day simple moving average of $103.14. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.00 and a beta of 2.10.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was down 4.6% on a year-over-year basis. Analysts forecast that PVH will post 11.75 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

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.