PVH (NYSE:PVH) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

PVH (NYSE:PVH) posted its quarterly earnings results on Monday. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08, Briefing.com reports. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $3.72 EPS.

PVH Stock Up 18.0 %

Shares of PVH stock opened at $76.29 on Wednesday. The company has a 50 day moving average of $75.95 and a 200 day moving average of $92.59. The company has a market capitalization of $4.24 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.77 and a beta of 2.10. PVH has a 52-week low of $62.91 and a 52-week high of $124.68. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH’s dividend payout ratio is presently 1.22%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Evercore ISI decreased their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price target on shares of PVH in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.07.

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.