PVH (PVH) Expected to Announce Quarterly Earnings on Monday

PVH (NYSE:PVH - Get Free Report) is expected to be announcing its earnings results before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of $3.19 per share and revenue of $2.34 billion for the quarter.

PVH Stock Down 3.9 %

Shares of PVH traded down $2.71 during mid-day trading on Tuesday, reaching $66.60. 339,781 shares of the stock traded hands, compared to its average volume of 890,619. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 0.77 and a beta of 2.10. The stock has a fifty day simple moving average of $79.28 and a 200 day simple moving average of $93.71. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH has a 12-month low of $62.94 and a 12-month high of $141.15.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. PVH's payout ratio is currently 1.22%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Wells Fargo & Company cut PVH from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley decreased their price target on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group reduced their price objective on shares of PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, Citigroup dropped their target price on shares of PVH from $123.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.27.

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Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.