Phillips-Van Heusen (NYSE: PVH) issued its quarterly earnings data on Wednesday. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.35 by $1.60, Analyst Ratings.Net reports. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 33.8% on a year-over-year basis. Phillips-Van Heusen updated its Q2 guidance to ~$1.35 EPS and its FY14 guidance to ~$7.00 EPS.
PVH has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Phillips-Van Heusen in a research note to investors on Monday. On the ratings front, analysts at RBC Capital downgraded shares of Phillips-Van Heusen from a “top pick” rating to an “outperform” rating in a research note to investors on Tuesday, June 4th. They now have a $128.00 price target on the stock, up previously from $120.00.
Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $120.18.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 20th. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.04 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Monday, May 20th.
PVH Corp is an apparel company. Its portfolio of brands includes Calvin Klein, Tommy Hilfiger brands, Van Heusen, IZOD, Bass, ARROW and Eagle, which are owned brands, and Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, JOE Joseph Abboud, MICHAEL Michael Kors, Michael Kors Collection and CHAPS.
