PVH (NYSE:PVH) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

PVH (NYSE:PVH) posted its quarterly earnings data on Monday. The textile maker reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08, Briefing.com reports. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $3.72 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis.

PVH Stock Up 0.0 %

Shares of NYSE PVH opened at $64.70 on Tuesday. PVH has a 52-week low of $62.91 and a 52-week high of $141.15. The business’s 50 day moving average is $76.36 and its two-hundred day moving average is $92.72. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.77 and a beta of 2.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.22%.

Analysts Set New Price Targets

PVH has been the topic of several research analyst reports. UBS Group lowered their price objective on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup reduced their price objective on PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $112.27.

About PVH

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.