PVH (NYSE:PVH) Releases FY 2024 Earnings Guidance

PVH (NYSE:PVH) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 11.550-11.700 for the period, compared to the consensus earnings per share estimate of 11.720. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion. PVH also updated its Q4 2024 guidance to 3.050-3.200 EPS.

PVH Stock Down 0.6 %

NYSE PVH traded down $0.71 during trading on Thursday, reaching $112.15. 685,194 shares of the company’s stock were exchanged, compared to its average volume of 836,052. The stock has a market cap of $6.26 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.00 and a beta of 2.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a 50 day moving average price of $100.50 and a two-hundred day moving average price of $103.10. PVH has a 1 year low of $89.56 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $2.90 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that PVH will post 11.75 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.19%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Cowen lowered their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Morgan Stanley lowered their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. BMO Capital Markets lowered their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Guggenheim lowered their target price on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

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.