PVH (NYSE:PVH) – Investment analysts at B. Riley lifted their Q1 2019 earnings estimates for shares of PVH in a research note issued to investors on Wednesday, April 4th. B. Riley analyst S. Anderson now anticipates that the textile maker will earn $2.25 per share for the quarter, up from their prior forecast of $1.87. B. Riley currently has a “Buy” rating and a $160.00 price target on the stock. B. Riley also issued estimates for PVH’s Q3 2019 earnings at $3.14 EPS and Q4 2019 earnings at $1.74 EPS.
A number of other research firms have also recently weighed in on PVH. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Friday. Piper Jaffray boosted their target price on shares of PVH to $173.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. ValuEngine upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reiterated a “buy” rating and issued a $173.00 target price (up from $166.00) on shares of PVH in a research note on Friday, March 30th. Finally, Instinet assumed coverage on shares of PVH in a research note on Thursday, February 15th. They issued a “neutral” rating and a $150.00 target price on the stock. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. PVH currently has a consensus rating of “Buy” and a consensus target price of $158.28.
PVH (NYSE:PVH) last released its earnings results on Wednesday, March 28th. The textile maker reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.35 billion. PVH had a net margin of 6.03% and a return on equity of 12.03%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share.
Institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new stake in PVH during the 4th quarter worth approximately $131,000. Squar Milner Financial Services LLC bought a new stake in PVH during the 4th quarter worth approximately $212,000. Conning Inc. bought a new stake in PVH during the 4th quarter worth approximately $220,000. Everence Capital Management Inc. bought a new stake in PVH during the 4th quarter worth approximately $248,000. Finally, Visionary Asset Management Inc. bought a new stake in PVH during the 3rd quarter worth approximately $266,000. 96.16% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Henry Nasella sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $155.00, for a total transaction of $3,100,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Francis K. Duane sold 22,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $154.77, for a total transaction of $3,420,417.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,091 shares of company stock worth $7,415,353 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th were paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Tuesday, February 27th. PVH’s payout ratio is currently 1.89%.
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PVH Company Profile
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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