Equities research analysts predict that PVH Corp. (NYSE:PVH) will announce sales of $2.40 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for PVH’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.39 billion. PVH reported sales of $2.12 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $9.05 billion to $9.19 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.64 billion, with estimates ranging from $9.42 billion to $10.08 billion. Zacks’ sales averages are an average based on a survey of analysts that cover PVH.
PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, August 30th. The textile maker reported $2.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.52. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.14 billion. PVH had a return on equity of 8.36% and a net margin of 3.42%. The firm’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS.
PVH stock opened at $110.48 on Friday. The business’s fifty day moving average is $108.21 and its 200-day moving average is $108.08. The company has a quick ratio of 0.92, a current ratio of 1.48 and a debt-to-equity ratio of 0.55. The company has a market cap of $7.85 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 0.33 and a beta of 2.36. PVH has a twelve month low of $57.35 and a twelve month high of $121.94.
In other news, CEO Martijn Hagman sold 5,572 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $121.37, for a total value of $676,273.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael A. Shaffer sold 12,070 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $120.96, for a total transaction of $1,459,987.20. The disclosure for this sale can be found here. Insiders sold a total of 156,864 shares of company stock valued at $18,833,155 in the last 90 days. 1.00% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Berman Capital Advisors LLC lifted its stake in PVH by 108.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 363 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 189 shares during the last quarter. McIlrath & Eck LLC lifted its position in PVH by 34.4% during the first quarter. McIlrath & Eck LLC now owns 414 shares of the textile maker’s stock worth $44,000 after acquiring an additional 106 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in PVH by 25.1% during the second quarter. Exchange Traded Concepts LLC now owns 588 shares of the textile maker’s stock worth $63,000 after acquiring an additional 118 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in PVH during the second quarter worth approximately $73,000. Finally, SRS Capital Advisors Inc. acquired a new stake in PVH during the second quarter worth approximately $80,000. Institutional investors and hedge funds own 98.38% of the company’s stock.
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.
Read More: Hold Rating
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