$2.40 Billion in Sales Expected for PVH Corp. (NYSE:PVH) This Quarter

Analysts predict that PVH Corp. (NYSE:PVH) will announce $2.40 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for PVH’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.39 billion. PVH posted sales of $2.12 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is scheduled to announce its next earnings report on Wednesday, December 1st.

According to Zacks, analysts expect that PVH will report full year sales of $9.13 billion for the current fiscal year, with estimates ranging from $9.05 billion to $9.19 billion. For the next financial year, analysts expect that the firm will report sales of $9.64 billion, with estimates ranging from $9.42 billion to $10.08 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover PVH.

PVH (NYSE:PVH) last announced its earnings results on Monday, August 30th. The textile maker reported $2.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $1.52. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.14 billion. PVH had a return on equity of 8.36% and a net margin of 3.42%. The company’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS.

A number of equities research analysts recently issued reports on PVH shares. raised their price target on PVH from $112.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 8th. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating and set a $114.00 price target for the company. in a research note on Tuesday, August 24th. Barclays lifted their target price on PVH from $93.00 to $101.00 and gave the company an “underweight” rating in a research report on Friday, June 4th. Telsey Advisory Group lifted their target price on PVH from $128.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, September 2nd. Finally, UBS Group lifted their target price on PVH from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.58.

Shares of PVH stock traded down $2.15 on Tuesday, reaching $109.09. 784,524 shares of the company’s stock were exchanged, compared to its average volume of 992,436. PVH has a 52 week low of $57.35 and a 52 week high of $121.94. The company has a current ratio of 1.48, a quick ratio of 0.92 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7.75 billion, a PE ratio of 26.87, a P/E/G ratio of 0.33 and a beta of 2.36. The company’s fifty day simple moving average is $107.36 and its 200 day simple moving average is $107.79.

In other PVH news, CEO Martijn Hagman sold 5,572 shares of the business’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $121.37, for a total transaction of $676,273.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Emanuel Chirico sold 139,222 shares of the business’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $119.93, for a total value of $16,696,894.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,864 shares of company stock worth $18,833,155. 1.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PVH. Parametric Portfolio Associates LLC boosted its stake in shares of PVH by 2.7% in the second quarter. Parametric Portfolio Associates LLC now owns 268,751 shares of the textile maker’s stock worth $28,915,000 after buying an additional 7,079 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of PVH in the second quarter worth about $313,000. Marshall Wace North America L.P. boosted its stake in shares of PVH by 2,934.8% in the second quarter. Marshall Wace North America L.P. now owns 163,879 shares of the textile maker’s stock worth $17,631,000 after buying an additional 158,479 shares during the last quarter. Snow Capital Management LP boosted its stake in shares of PVH by 2.2% in the second quarter. Snow Capital Management LP now owns 106,821 shares of the textile maker’s stock worth $11,493,000 after buying an additional 2,349 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of PVH by 107.6% in the second quarter. Thrivent Financial for Lutherans now owns 31,045 shares of the textile maker’s stock worth $3,341,000 after buying an additional 16,092 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

PVH Company Profile

PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.

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Earnings History and Estimates for PVH (NYSE:PVH)

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