PVH (NYSE:PVH) Releases FY25 Earnings Guidance

PVH (NYSE:PVHGet Free Report) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $10.75-11.00 for the period, compared to the consensus estimate of $12.11. The company issued revenue guidance of $8.57-8.66 billion, compared to the consensus revenue estimate of $9.04 billion. PVH also updated its FY 2024 guidance to 10.750-11.000 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PVH. TD Cowen raised their price target on shares of PVH from $150.00 to $160.00 and gave the stock an outperform rating in a research note on Wednesday, March 20th. The Goldman Sachs Group raised shares of PVH from a neutral rating to a buy rating and lifted their target price for the stock from $99.00 to $126.00 in a research note on Tuesday, December 12th. Wells Fargo & Company reduced their target price on shares of PVH from $150.00 to $138.00 and set an overweight rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of PVH from $165.00 to $146.00 and set an overweight rating for the company in a research report on Tuesday. Finally, Guggenheim lifted their price target on shares of PVH from $120.00 to $140.00 and gave the company a buy rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $121.86.

Get Our Latest Stock Report on PVH

PVH Trading Down 22.2 %

Shares of PVH stock opened at $108.68 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The stock has a market capitalization of $6.48 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.74 and a beta of 2.20. The company has a 50 day moving average price of $130.67 and a 200 day moving average price of $106.87. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15.

PVH (NYSE:PVHGet Free Report) last posted its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.99%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business posted $2.38 EPS. The firm’s revenue was up .0% on a year-over-year basis. Equities research analysts predict that PVH will post 11.95 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.77%.

PVH declared that its board has approved a stock repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Mark D. Fischer sold 3,500 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the completion of the sale, the executive vice president now owns 27,903 shares in the company, valued at approximately $3,432,069. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PVH

A number of large investors have recently bought and sold shares of the company. Quarry LP grew its stake in shares of PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Belpointe Asset Management LLC grew its stake in PVH by 39.8% in the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 140 shares during the last quarter. Covestor Ltd grew its stake in PVH by 69.3% in the 1st quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 244 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in PVH in the 1st quarter valued at about $53,000. Finally, Advisory Services Network LLC acquired a new stake in PVH in the 4th quarter valued at about $104,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Company Profile

(Get Free Report)

PVH Corp. operates as an apparel company in the United States and internationally. 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, include 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.

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Earnings History and Estimates for PVH (NYSE:PVH)

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