Q3 2024 EPS Estimates for PVH Corp. (NYSE:PVH) Increased by Analyst

Posted by on Jun 5th, 2023

PVH Corp. (NYSE:PVH – Get Rating) – Equities researchers at Wedbush raised their Q3 2024 earnings per share estimates for PVH in a note issued to investors on Thursday, June 1st. Wedbush analyst T. Nikic now anticipates that the textile maker will earn $2.91 per share for the quarter, up from their previous forecast of $2.85. The consensus estimate for PVH’s current full-year earnings is $10.04 per share. Wedbush also issued estimates for PVH’s Q4 2024 earnings at $3.25 EPS.

PVH (NYSE:PVH – Get Rating) last released its earnings results on Thursday, June 1st. The textile maker reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.21. PVH had a net margin of 2.24% and a return on equity of 11.83%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $1.94 EPS.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company increased their price target on PVH from $85.00 to $110.00 in a research note on Wednesday, February 15th. JPMorgan Chase & Co. lifted their price target on PVH from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. BMO Capital Markets upped their price objective on shares of PVH from $81.00 to $90.00 in a research note on Thursday. Evercore ISI raised their target price on shares of PVH from $60.00 to $100.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 29th. Finally, Morgan Stanley upped their price target on shares of PVH from $51.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 29th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PVH currently has an average rating of “Hold” and a consensus price target of $90.72.

PVH Stock Performance

Shares of PVH opened at $77.64 on Monday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.48 and a beta of 2.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 1.40. PVH has a 1 year low of $43.49 and a 1 year high of $94.51. The company’s 50 day simple moving average is $85.05 and its 200 day simple moving average is $79.68.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC purchased a new stake in PVH during the 4th quarter worth $25,000. Janiczek Wealth Management LLC lifted its stake in shares of PVH by 218.6% in the fourth quarter. Janiczek Wealth Management LLC now owns 325 shares of the textile maker’s stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Heritage Wealth Management LLC boosted its holdings in PVH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 400 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. BOKF NA acquired a new stake in PVH during the 1st quarter valued at approximately $38,000. Finally, Westpac Banking Corp purchased a new stake in PVH during the 3rd quarter worth approximately $39,000. 93.50% of the stock is owned by institutional investors and hedge funds.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.19%. The ex-dividend date is Tuesday, June 6th. PVH’s dividend payout ratio (DPR) is presently 4.75%.

PVH Company Profile

(Get Rating)

PVH Corp. engages in the design and marketing of dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Tommy Hilfiger, Calvin Klein, and Heritage Brands. The Tommy Hilfiger segment consists of the Tommy Hilfiger North America and Tommy Hilfiger International.

Read More

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.