PVH (NYSE:PVH) Announces Earnings Results

PVH (NYSE:PVH) issued its quarterly earnings data on Tuesday. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72, Briefing.com reports. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company earned $1.98 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. PVH updated its Q3 guidance to $2.50 EPS and its FY25 guidance to $11.55-11.80 EPS.

PVH Stock Performance

Shares of PVH stock traded up $0.77 on Tuesday, hitting $104.46. The company had a trading volume of 1,154,847 shares, compared to its average volume of 874,932. The firm has a market cap of $5.83 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14. PVH has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a 50-day moving average price of $102.94 and a 200-day moving average price of $114.95. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 0.42.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio is presently 1.33%.

Wall Street Analysts Forecast Growth

PVH has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $128.00 price target on shares of PVH in a research note on Wednesday, June 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 target price on shares of PVH in a research report on Tuesday, August 20th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. TD Cowen reduced their price objective on shares of PVH from $154.00 to $149.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Bank of America dropped their price target on PVH from $144.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.81.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.