PVH Corp (NYSE:PVH) – Analysts at DA Davidson cut their FY2021 earnings estimates for PVH in a research report issued on Friday, November 29th. DA Davidson analyst J. Morris now expects that the textile maker will post earnings per share of $10.02 for the year, down from their prior forecast of $10.50. DA Davidson currently has a “Buy” rating and a $115.00 target price on the stock.
PVH (NYSE:PVH) last issued its quarterly earnings results on Monday, November 25th. The textile maker reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.99 by $0.11. PVH had a net margin of 6.57% and a return on equity of 12.17%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company posted $3.21 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year.
Shares of PVH stock opened at $96.73 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. PVH has a 52 week low of $67.41 and a 52 week high of $134.24. The stock has a market capitalization of $7.19 billion, a PE ratio of 10.08, a P/E/G ratio of 1.01 and a beta of 1.49. The firm has a 50 day moving average of $94.17 and a two-hundred day moving average of $88.99.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PointState Capital LP purchased a new stake in PVH in the third quarter valued at $8,576,000. Squarepoint Ops LLC lifted its position in PVH by 166.5% in the third quarter. Squarepoint Ops LLC now owns 81,957 shares of the textile maker’s stock valued at $7,231,000 after acquiring an additional 51,203 shares during the last quarter. National Pension Service lifted its position in PVH by 5.5% in the third quarter. National Pension Service now owns 123,086 shares of the textile maker’s stock valued at $10,860,000 after acquiring an additional 6,385 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in PVH in the third quarter valued at $131,000. Finally, Parametric Portfolio Associates LLC lifted its position in PVH by 21.0% in the third quarter. Parametric Portfolio Associates LLC now owns 195,451 shares of the textile maker’s stock valued at $17,245,000 after acquiring an additional 33,924 shares during the last quarter. 96.49% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Henry Nasella acquired 6,250 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $80.37 per share, with a total value of $502,312.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.
The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.56%.
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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