FY2019 Earnings Estimate for PVH Corp Issued By Piper Jaffray Companies (PVH)

PVH Corp (NYSE:PVH) – Stock analysts at Piper Jaffray Companies increased their FY2019 earnings per share estimates for shares of PVH in a report released on Thursday, November 29th. Piper Jaffray Companies analyst E. Murphy now anticipates that the textile maker will earn $9.33 per share for the year, up from their previous forecast of $9.25. Piper Jaffray Companies has a “Buy” rating and a $150.00 price objective on the stock. Piper Jaffray Companies also issued estimates for PVH’s Q1 2020 earnings at $2.36 EPS, Q2 2020 earnings at $2.30 EPS, Q4 2020 earnings at $1.83 EPS, FY2020 earnings at $10.00 EPS, Q1 2021 earnings at $2.56 EPS, Q2 2021 earnings at $2.49 EPS and Q3 2021 earnings at $3.81 EPS.

PVH (NYSE:PVH) last released its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, beating the Zacks’ consensus estimate of $3.14 by $0.07. PVH had a net margin of 7.20% and a return on equity of 13.07%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm posted $3.02 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year.

Several other brokerages also recently commented on PVH. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a report on Friday, August 17th. Deutsche Bank lifted their target price on shares of PVH from $171.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Telsey Advisory Group reiterated an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Bank of America set a $180.00 target price on shares of PVH and gave the stock a “buy” rating in a report on Thursday, August 30th. Finally, DA Davidson initiated coverage on PVH in a research note on Tuesday, September 25th. They issued a “buy” rating and a $167.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $160.10.

NYSE:PVH opened at $110.51 on Monday. PVH has a 12 month low of $106.63 and a 12 month high of $169.22. The company has a market capitalization of $8.48 billion, a PE ratio of 13.92, a PEG ratio of 0.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.72.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s payout ratio is 1.89%.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in PVH by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,930,508 shares of the textile maker’s stock valued at $1,145,165,000 after acquiring an additional 88,970 shares during the period. FMR LLC increased its stake in PVH by 9.1% during the second quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after acquiring an additional 575,989 shares during the period. JPMorgan Chase & Co. increased its stake in PVH by 54.5% during the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after acquiring an additional 2,356,377 shares during the period. Neuberger Berman Group LLC increased its stake in PVH by 26.0% during the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after acquiring an additional 240,510 shares during the period. Finally, Janus Henderson Group PLC increased its stake in PVH by 21.2% during the third quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock valued at $158,532,000 after acquiring an additional 192,171 shares during the period. Institutional investors own 97.93% of the company’s stock.

PVH Company Profile

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, eyewear and 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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Earnings History and Estimates for PVH (NYSE:PVH)

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