$1.65 Earnings Per Share Expected for PVH Corp. (PVH) This Quarter

Xavier Trudeau
Juillet 17, 2017

Bank of The West decreased its position in shares of PVH Corp. Principal Fin reported 0.03% in PVH Corp (NYSE:PVH). Allen Investment Management LLC now owns 3,429 shares of the textile maker's stock valued at $355,000 after buying an additional 92 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of PVH Corp.by 3.2% in the first quarter. Institutional investors own 96.43% of the company's stock. Bank of New York Mellon Corp now owns 1,590,433 shares of the textile maker's stock worth $164,563,000 after buying an additional 204,936 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker's stock worth $370,000 after buying an additional 14 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in PVH Corp.by 0.4% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker's stock valued at $526,711,000 after buying an additional 4,926,341 shares during the period. Franklin Resources Inc. raised its position in shares of PVH Corp.by 15.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker's stock worth $278,637,000 after buying an additional 393,500 shares during the last quarter. It is positive, as 47 investors sold PVH Corp shares while 152 reduced holdings. Quantitative Systematic Strategies LLC acquired a new position in shares of PVH Corp. during the first quarter worth $1,743,000.

PVH Corp., launched on April 8, 1976, is an apparel company. (NYSE:PVH) traded down 0.64% during mid-day trading on Friday, hitting $112.56. The Company's products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. PVH Corp. The firm has a market cap of $8.76 billion, a P/E ratio of 23.27 and a beta of 0.51. The stock's 50 day moving average price is $105.06 and its 200 day moving average price is $97.56.

PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. (NYSE:PVH) last issued its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. The business's revenue was up 3.7% compared to the same quarter past year. Two analysts have provided estimates for PVH Corp.'s earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.72.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th were paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH Corp. PVH Corp.'s quarterly revenue was up 3.7% compared to the same quarter previous year.

TRADEMARK VIOLATION WARNING: This report was originally published by BBNS and is owned by of BBNS.

Shares of PVH Corp.

PVH Corp had 52 analyst reports since August 19, 2015 according to SRatingsIntel. Deutsche Bank maintained it with "Buy" rating and $117 target in Tuesday, August 16 report. Finally, Piper Jaffray Companies reaffirmed an "overweight" rating and set a $112.00 price objective on shares of PVH Corp.in a research report on Thursday, March 23rd. They issued an "outperform" rating and a $135.00 price target on the stock. Cowen and Company lifted their price target on shares of PVH Corp. from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, May 25th. Zacks Investment Research raised PVH Corp. from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a research note on Tuesday, May 16th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. PVH Corp. presently has a consensus rating of "Buy" and an average price target of $123.11.

In other news, SVP Dana Perlman sold 769 shares of the firm's stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total transaction of $88,258.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

In other news, COO Michael A. Shaffer sold 45,525 shares of the firm's stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. The Company operates through three divisions: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International divisions; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International divisions, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail divisions.

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