Zacks: Analysts Anticipate PVH Corp (NYSE:PVH) Will Post Quarterly Sales of $2.33 Billion
Analysts expect PVH Corp (NYSE:PVH) to post $2.33 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for PVH’s earnings. The highest sales estimate is $2.34 billion and the lowest is $2.32 billion. PVH also posted sales of $2.33 billion during the same quarter last year. The company is scheduled to report its next earnings results on Wednesday, September 4th.
On average, analysts expect that PVH will report full year sales of $9.95 billion for the current financial year, with estimates ranging from $9.92 billion to $9.98 billion. For the next fiscal year, analysts anticipate that the business will post sales of $10.41 billion, with estimates ranging from $10.25 billion to $10.58 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 quarterly earnings results on Wednesday, May 29th. The textile maker reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the company earned $2.36 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis.
In other PVH news, Director Henry Nasella acquired 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $82.84 per share, with a total value of $99,408.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP lifted its position in shares of PVH by 213.1% during the 2nd quarter. Systematic Financial Management LP now owns 8,609 shares of the textile maker’s stock valued at $815,000 after buying an additional 5,859 shares in the last quarter. Advisor Partners LLC lifted its position in shares of PVH by 70.5% during the 2nd quarter. Advisor Partners LLC now owns 4,452 shares of the textile maker’s stock valued at $421,000 after buying an additional 1,841 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of PVH during the 2nd quarter valued at about $3,643,000. Rothschild & Co. Asset Management US Inc. lifted its position in shares of PVH by 15.1% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 459,015 shares of the textile maker’s stock valued at $43,441,000 after buying an additional 60,313 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of PVH during the 2nd quarter valued at about $790,000. 94.63% of the stock is currently owned by institutional investors.
Shares of NYSE:PVH traded down $0.07 on Tuesday, hitting $89.31. 938,085 shares of the company traded hands, compared to its average volume of 1,246,683. PVH has a 52 week low of $82.51 and a 52 week high of $158.03. The company has a current ratio of 1.47, a quick ratio of 0.75 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $90.50. The company has a market capitalization of $6.69 billion, a P/E ratio of 9.30, a PEG ratio of 0.72 and a beta of 1.41.
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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