PVH Corp (NYSE:PVH) issued its quarterly earnings data on Wednesday. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.06, MarketBeat Ratings reports. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion.
Shares of PVH Corp (NYSE:PVH) traded down 1.53% during mid-day trading on Wednesday, reaching $87.63. 1,591,168 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $80.47 and its 200 day moving average price is $86.72. PVH Corp has a 52-week low of $64.16 and a 52-week high of $120.67. The company has a market cap of $7.18 billion and a PE ratio of 14.93.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 24th. Shareholders of record on Thursday, February 25th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Tuesday, February 23rd.
Several analysts have weighed in on PVH shares. Piper Jaffray reaffirmed an “overweight” rating and set a $95.00 price objective (up from $88.00) on shares of PVH Corp in a research note on Monday, March 14th. Goldman Sachs reduced their target price on shares of PVH Corp from $90.00 to $83.00 in a research report on Thursday, January 21st. Bank of America reduced their target price on shares of PVH Corp from $78.00 to $75.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 16th. Brean Capital reiterated a “buy” rating and set a $100.00 target price (down from $111.00) on shares of PVH Corp in a research report on Thursday, December 3rd. Finally, Nomura reiterated a “buy” rating and set a $135.00 target price on shares of PVH Corp in a research report on Tuesday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $105.36.
PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned brands, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J
CollectedBy:http://www.thevistavoice.org/2016/03/23/pvh-corp-pvh-issues-quarterly-earnings-results/981785/
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