PVH (NYSE:PVH) Issues Quarterly Earnings Results

PVH (NYSE:PVH) posted its quarterly earnings data on Monday. The textile maker reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.21, Briefing.com reports. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a net margin of 5.76% and a return on equity of 11.63%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 EPS.

PVH Stock Performance

NYSE:PVH opened at $139.66 on Tuesday. The business has a 50 day moving average of $130.88 and a 200 day moving average of $106.66. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.75 and a beta of 2.20. PVH has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s payout ratio is 1.77%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of PVH stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at approximately $3,432,069. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PVH

Several hedge funds have recently made changes to their positions in the business. Private Capital Management LLC purchased a new stake in PVH in the first quarter worth $214,000. MML Investors Services LLC bought a new stake in PVH in the first quarter worth $208,000. Profund Advisors LLC bought a new stake in PVH in the fourth quarter worth $205,000. CIBC Asset Management Inc bought a new stake in PVH in the fourth quarter worth $203,000. Finally, Federated Hermes Inc. boosted its holdings in PVH by 44.0% in the first quarter. Federated Hermes Inc. now owns 2,512 shares of the textile maker’s stock worth $193,000 after acquiring an additional 767 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research reports. The Goldman Sachs Group raised shares of PVH from a “neutral” rating to a “buy” rating and lifted their price target for the company from $99.00 to $126.00 in a research note on Tuesday, December 12th. Wells Fargo & Company boosted their target price on shares of PVH from $110.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, December 11th. UBS Group boosted their target price on shares of PVH from $125.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, December 4th. StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Telsey Advisory Group boosted their target price on shares of PVH from $122.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.93.

PVH announced that its board has authorized a share buyback program on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.