PVH (NYSE:PVH) Updates Q3 2022 Earnings Guidance

PVH (NYSE:PVHGet Rating) issued an update on its third quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.10-$2.15 for the period, compared to the consensus estimate of $2.79. The company issued revenue guidance of $2.22 billion-$2.24 billion, compared to the consensus revenue estimate of $2.39 billion. PVH also updated its FY 2022 guidance to $8.00-$8.00 EPS.

PVH Stock Down 5.7 %

PVH traded down $2.92 during mid-day trading on Friday, reaching $48.04. 16,853 shares of the stock were exchanged, compared to its average volume of 2,249,857. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.35. The stock has a market capitalization of $3.13 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 6.40 and a beta of 2.03. The company has a 50 day moving average price of $61.23 and a two-hundred day moving average price of $66.93. PVH has a 1 year low of $50.78 and a 1 year high of $125.42.

PVH (NYSE:PVHGet Rating) last posted its quarterly earnings data on Tuesday, August 30th. The textile maker reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.21 billion. PVH had a net margin of 10.19% and a return on equity of 12.72%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.72 EPS. As a group, research analysts anticipate that PVH will post 7.89 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th will be issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Tuesday, September 6th. PVH’s dividend payout ratio (DPR) is currently 1.15%.

Analyst Ratings Changes

PVH has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of PVH from $83.00 to $51.00 and set an equal weight rating on the stock in a report on Friday, September 2nd. Credit Suisse Group cut their price target on shares of PVH from $90.00 to $85.00 and set an outperform rating on the stock in a report on Wednesday, August 31st. Cowen cut their price target on shares of PVH to $70.00 in a report on Tuesday, September 6th. Guggenheim lowered their price objective on PVH from $130.00 to $105.00 and set a buy rating on the stock in a research note on Wednesday, August 31st. Finally, StockNews.com cut PVH from a buy rating to a hold rating in a research note on Monday, July 25th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $77.53.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of PVH by 9.7% in the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after purchasing an additional 148,917 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PVH by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 774,958 shares of the textile maker’s stock worth $59,370,000 after purchasing an additional 13,553 shares during the last quarter. Northern Trust Corp boosted its stake in PVH by 4.7% in the second quarter. Northern Trust Corp now owns 600,879 shares of the textile maker’s stock worth $34,191,000 after buying an additional 27,019 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in PVH by 74.5% in the first quarter. Goldman Sachs Group Inc. now owns 393,503 shares of the textile maker’s stock worth $30,147,000 after buying an additional 167,984 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in PVH by 109.8% in the first quarter. Prudential Financial Inc. now owns 348,447 shares of the textile maker’s stock worth $26,695,000 after buying an additional 182,351 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors.

PVH Company Profile

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PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

See Also

Earnings History and Estimates for PVH (NYSE:PVH)

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