$2.54 Billion in Sales Expected for PVH Corp (NYSE:PVH) This Quarter

Analysts expect that PVH Corp (NYSE:PVH) will announce $2.54 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for PVH’s earnings, with estimates ranging from $2.54 billion to $2.55 billion. PVH posted sales of $2.52 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 25th.

According to Zacks, analysts expect that PVH will report full year sales of $9.78 billion for the current fiscal year, with estimates ranging from $9.77 billion to $9.80 billion. For the next financial year, analysts forecast that the company will post sales of $10.24 billion, with estimates ranging from $9.95 billion to $10.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover PVH.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, August 28th. The textile maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.21. PVH had a return on equity of 12.64% and a net margin of 6.96%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. ValuEngine cut PVH from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research note on Monday, October 28th. UBS Group set a $117.00 price objective on PVH and gave the company a “buy” rating in a research note on Friday, August 30th. Royal Bank of Canada set a $95.00 price objective on PVH and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley decreased their price objective on PVH from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $103.95.

In other PVH news, CEO Emanuel Chirico purchased 133,155 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $74.99 per share, with a total value of $9,985,293.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Nasella purchased 6,250 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $80.37 per share, for a total transaction of $502,312.50. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of PVH. Investec Asset Management LTD acquired a new stake in PVH in the 2nd quarter worth about $101,571,000. Pzena Investment Management LLC boosted its stake in PVH by 54.3% in the 2nd quarter. Pzena Investment Management LLC now owns 3,001,404 shares of the textile maker’s stock worth $284,053,000 after buying an additional 1,055,649 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in PVH by 75.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,455,221 shares of the textile maker’s stock worth $137,721,000 after buying an additional 627,188 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in PVH by 78.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 879,404 shares of the textile maker’s stock worth $77,590,000 after buying an additional 386,483 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in PVH by 7.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,681,044 shares of the textile maker’s stock worth $529,929,000 after buying an additional 383,485 shares during the last quarter. 99.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PVH stock opened at $96.73 on Thursday. PVH has a fifty-two week low of $67.41 and a fifty-two week high of $134.24. The stock has a market cap of $7.26 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.01 and a beta of 1.49. The business has a fifty day simple moving average of $89.17 and a 200-day simple moving average of $91.44. The company has a quick ratio of 0.63, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Earnings History and Estimates for PVH (NYSE:PVH)

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