PVH (PVH) Expected to Announce Quarterly Earnings on Monday

PVH (NYSE:PVH) is projected to post its quarterly earnings results before the market opens on Monday, March 31st. Analysts expect PVH to post earnings of $3.19 per share and revenue of $2.34 billion for the quarter.

PVH Trading Up 0.3 %

Shares of PVH stock opened at $65.00 on Monday. PVH has a 12-month low of $62.94 and a 12-month high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $79.85 and its 200-day moving average price is $93.90. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH’s dividend payout ratio (DPR) is 1.22%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PVH. Guggenheim boosted their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.13.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

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.