PVH Corp. (PVH) Updates FY14 Earnings Guidance

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PVH Corp. (NYSE:PVH) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share guidance of ~$7.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.07, Stock Ratings Network reports. The company issued revenue guidance of $8.22 billion, compared to the consensus revenue estimate of $8.23 billion.PVH Corp. also updated its Q4 guidance to $1.40-1.60 EPS.

Shares of PVH Corp. (NYSE:PVH) opened at 121.24 on Friday. PVH Corp. has a 1-year low of $102.72 and a 1-year high of $138.94. The stock’s 50-day moving average is $123.3 and its 200-day moving average is $126.2. The company has a market cap of $9.896 billion and a P/E ratio of 39.32.

PVH Corp. (NYSE:PVH) last released its earnings data on Tuesday, December 10th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.24 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 37.5% on a year-over-year basis. On average, analysts predict that PVH Corp. will post $7.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 27th. Stockholders of record on Wednesday, February 26th will be paid 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 Monday, February 24th.

PVH has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of PVH Corp. in a research note on Wednesday, February 12th. They set a buy rating and a $140.00 price target on the stock. On a related note, analysts at Janney Montgomery Scott reiterated a fair value rating on shares of PVH Corp. in a research note on Tuesday, January 28th. They now have a $150.00 price target on the stock, down previously from $154.00. Finally, analysts at McLean Capital Management downgraded shares of PVH Corp. from a neutral rating to a sell rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $142.79.

PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.

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