PVH (NYSE:PVH) Updates Q1 2022 Earnings Guidance

PVH (NYSE:PVHGet Rating) updated its first quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.550-$1.600 for the period, compared to the Thomson Reuters consensus estimate of $1.670. The company issued revenue guidance of -.PVH also updated its FY 2022 guidance to $9.000-$9.000 EPS.

A number of research firms recently weighed in on PVH. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PVH from $125.00 to $99.00 and set a hold rating on the stock in a report on Friday, April 1st. Citigroup decreased their target price on shares of PVH from $105.00 to $94.00 and set a neutral rating on the stock in a report on Thursday, March 31st. Truist Financial decreased their target price on shares of PVH from $100.00 to $81.00 and set a hold rating on the stock in a report on Tuesday, April 5th. Morgan Stanley lowered shares of PVH from an overweight rating to an equal weight rating and decreased their target price for the stock from $122.00 to $89.00 in a report on Thursday, March 31st. Finally, Barclays decreased their target price on shares of PVH from $103.00 to $90.00 and set an equal weight rating on the stock in a report on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PVH has a consensus rating of Hold and an average price target of $110.29.

Shares of PVH stock opened at $77.04 on Tuesday. PVH has a 52-week low of $66.10 and a 52-week high of $125.42. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 1.47 and a beta of 2.20. The company has a fifty day moving average of $84.68 and a 200-day moving average of $98.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.83 and a current ratio of 1.31.

PVH (NYSE:PVHGet Rating) last announced its quarterly earnings data on Tuesday, March 29th. The textile maker reported $2.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.84. PVH had a net margin of 10.40% and a return on equity of 14.34%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company earned ($0.38) EPS. The firm’s revenue was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that PVH will post 8.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Friday, March 11th were paid a $0.038 dividend. This is a boost from PVH’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. PVH’s dividend payout ratio is 1.13%.

A number of institutional investors and hedge funds have recently made changes to their positions in PVH. Barclays PLC boosted its position in PVH by 136.9% during the 4th quarter. Barclays PLC now owns 172,249 shares of the textile maker’s stock valued at $18,371,000 after buying an additional 99,552 shares during the period. Thrivent Financial for Lutherans boosted its position in PVH by 185.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 90,209 shares of the textile maker’s stock valued at $9,625,000 after buying an additional 58,568 shares during the period. Glenmede Trust Co. NA purchased a new stake in PVH during the 4th quarter valued at $1,432,000. GAM Holding AG boosted its position in PVH by 10.0% during the 4th quarter. GAM Holding AG now owns 79,411 shares of the textile maker’s stock valued at $8,469,000 after buying an additional 7,200 shares during the period. Finally, Deutsche Bank AG boosted its position in PVH by 4.6% during the 4th quarter. Deutsche Bank AG now owns 112,656 shares of the textile maker’s stock valued at $12,014,000 after buying an additional 4,915 shares during the period. 99.58% of the stock is owned by institutional investors and hedge funds.

PVH Company Profile (Get Rating)

PVH Corp. operates as an apparel company worldwide. 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, including 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.

Recommended Stories

Earnings History and Estimates for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.