Analysts forecast that PVH Corp (NYSE:PVH) will announce sales of $1.96 billion for the current quarter, according to Zacks. Four analysts have made estimates for PVH's earnings, with estimates ranging from $1.93 billion to $1.97 billion. PVH posted sales of $2.59 billion during the same quarter last year, which would indicate a negative year over year growth rate of 24.3%. The company is expected to issue its next earnings report on Monday, November 23rd.
According to Zacks, analysts expect that PVH will report full-year sales of $6.89 billion for the current fiscal year, with estimates ranging from $6.86 billion to $6.91 billion. For the next year, analysts forecast that the business will post sales of $8.90 billion, with estimates ranging from $8.49 billion to $9.87 billion. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow PVH.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.13 earnings per share for the quarter, topping the Zacks' consensus estimate of ($2.43) by $2.56. PVH had a positive return on equity of 3.07% and a negative net margin of 12.40%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. PVH's revenue was down 33.1% on a year-over-year basis.
Several analysts have commented on PVH shares. Credit Suisse Group raised their price objective on PVH from $58.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. DA Davidson raised their price objective on PVH from $60.00 to $73.00 and gave the company a "buy" rating in a report on Friday, September 4th. Morgan Stanley raised their price objective on PVH from $80.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Telsey Advisory Group raised their price objective on PVH from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Finally, Citigroup lifted their price target on PVH from $35.00 to $49.00 and gave the stock a "neutral" rating in a research note on Monday, June 15th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $69.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new stake in shares of PVH during the second quarter valued at approximately $26,000. Glenmede Trust Co. NA increased its stake in PVH by 112.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 724 shares of the textile maker's stock valued at $33,000 after purchasing an additional 383 shares in the last quarter. Private Advisor Group LLC purchased a new position in PVH in the 2nd quarter valued at approximately $35,000. Carmichael Hill & Associates Inc. purchased a new position in PVH in the 2nd quarter valued at approximately $38,000. Finally, Orion Portfolio Solutions LLC increased its stake in PVH by 58.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 973 shares of the textile maker's stock valued at $47,000 after purchasing an additional 357 shares in the last quarter. 97.62% of the stock is currently owned by institutional investors.
Shares of PVH opened at $61.89 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. PVH has a 12 month low of $28.40 and a 12 month high of $108.06. The stock's 50 day moving average is $59.90 and its two-hundred day moving average is $49.48. The firm has a market cap of $4.40 billion, a P/E ratio of -4.36 and a beta of 2.16.
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, 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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