PVH (NYSE:PVH) Issues Q3 2024 Earnings Guidance

PVH (NYSE:PVH) updated its third quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.500-2.500 for the period, compared to the consensus EPS estimate of 3.120. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.3 billion. PVH also updated its FY 2024 guidance to 11.550-11.800 EPS.

PVH Trading Up 0.7 %

PVH opened at $104.46 on Wednesday. The firm’s fifty day simple moving average is $102.76 and its 200 day simple moving average is $114.79. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.77 and a beta of 2.14. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH has a 12 month low of $69.27 and a 12 month high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. As a group, research analysts anticipate that PVH will post 11.23 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared 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 of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio is currently 1.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PVH. Wedbush restated an outperform rating and set a $128.00 target price on shares of PVH in a report on Wednesday, June 5th. Wells Fargo & Company increased their price objective on shares of PVH from $138.00 to $145.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. StockNews.com cut PVH from a strong-buy rating to a buy rating in a report on Friday, August 16th. Bank of America dropped their target price on PVH from $144.00 to $133.00 and set a buy rating on the stock in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an outperform rating and set a $140.00 price target on shares of PVH in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, PVH has an average rating of Moderate Buy and an average price target 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.