132.20 0.00 (0.00%)
After hours: 4:21PM EDT
|Bid||132.20 x 800|
|Ask||132.23 x 800|
|Day's Range||131.92 - 134.24|
|52 Week Range||86.46 - 169.22|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||13.70|
|Earnings Date||May 28, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||144.29|
PVH Corp. (NYSE:PVH), a large-cap worth US$9.8b, comes to mind for investors seeking a strong and reliable stock investment. Big corporations are much sought after by risk-averse investors who find diversified revenue streams and s...
While that growth should entice any retailer, Chico's is one of a growing number of clothing brands treading carefully. From Nike Inc and Under Armour Inc to Lands' End Inc and Levi Strauss & Co, major brands are distributing clothing and accessories directly through Amazon.com, attracted by more than 100 million members of Amazon's loyalty club Prime and its advanced delivery network. The risk in this relationship, according to interviews with retailers and industry analysts, comes if Amazon uses real-time data from customer purchases to help it quickly build out its own private label clothing brands, and ends up stealing market share from its current retail partners.
PVH Corp (NYSE: PVH ) may finally see improving sentiment for its Calvin Klein brand, according to Morgan Stanley. The Analyst Kimberly Greenberger initiated coverage of PVH with an Overweight rating ...
The consumer and our economy are alive and well, Jim Cramer told his Mad Money viewers Thursday, and that's why the stock market continues to rally. Cramer noted that retail continues to be strong, thanks to strong employment. , Cramer added, which proves that consumers are staying at home and playing video games, they're still going out to restaurants and buying wine and spirits.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! After looking at PVH Corp.'s (NYSE:PVH) latest earnings update (03 February 2019), I found it helpful to revisit the company...
Shares of PVH (NYSE:PVH) soared in late March after the global apparel giant reported fourth quarter numbers that topped expectations across the board. The guide was healthy, too, and came in largely above consensus estimates. Investors reacted positively to the upward surprise. PVH stock rallied 15% in a day.Source: Mike Mozart via FlickrThis post-earnings rally is an extension of a much larger rally in PVH. Since late 2018, as the global economy has stabilized and even improved in some areas, PVH has rallied nearly 50%. That's a big rally. But, the stock suffered a big drop in 2018, and even with this early 2019 rally, is still more than 20% off all time highs.Thus, there's two ways to look at PVH stock here. Either this is a stock that has come very far, very fast and needs to cool down, or this is a stock that is on a solid recovery trajectory from a deep 2018 sell-off and has more room to run higher.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos I think the latter viewpoint holds more water. As such, I believe PVH stock can stay in rally mode for the foreseeable future, and will see prices above $140 within the next several months. The PVH Recovery Is UnderwayPVH stock was killed in 2018 amid slowing growth concerns. Broadly speaking, PVH's growth rates at both Tommy Hilfiger and Calvin Klein were slowing against the backdrop of a global economy that was likewise slowing. Investors didn't that like those slowing trends. So, in an attempt to "get out before things got ugly", they sold, and thestock dropped sharply. By about 50%, to be exact.But, things never got that ugly. Just look at the fourth quarter numbers. Revenues rose 2%. Sure, that's slower than 2018's full-year growth rate of 8%, but it's still positive. Tommy Hilfiger revenues rose 5%. Calvin Klein revenues were flat, and importantly didn't go negative.Meanwhile, revenue growth next year is expected to be roughly 5%, led by high single digit growth at Tommy Hilfiger and low single digit growth at Calvin Klein. Gross margins are still expanding. Opex rates are dropping. Profits are heading higher.In other words, if I asked you where the ugly was in the PVH report, you'd have a tough time answering the question. Sure, growth is slowing, but it's still pretty much positive everywhere and is supposed to improve in 2019. This especially makes sense given that global economic consumer confidence has bounced back in early 2019, especially in the U.S.Overall, then, PVH's fourth quarter earnings report confirmed that things aren't all that bad for the global apparel giant. The stock was priced for really bad. Consequently, what we are seeing now is a healthy recovery rally in an overly beaten up stock. Valuation Leaves Room For UpsideThis recovery rally in PVH stock has room for further upside given the stock's still relatively depressed valuation.Earnings next year are supposed to come in around $10.35 per share, up 8% year-over-year. PVH stock currently trades around $130. That means the stock is trading at just 12.5-times forward earnings, on a high single digit profit growth profile. That's too cheap. The entire apparel retail space trades at a far larger forward earnings multiple (17.6) on a largely similar mid to high single digit profit growth profile (5-9%).Further, PVH historically trades around 15-times forward earnings. Relative to that historical standard, today's 12.5 forward multiple is pretty cheap.In other words, PVH stock is still priced for a lot of bad. That gives the stock healthy upside if bad doesn't happen in 2019, and it shouldn't given improving global economic fundamentals. To be sure, this company isn't a big grower, but assuming slightly below average apparel market growth rates and gradual margin expansion over the next several years, PVH could hit roughly $15 in EPS by fiscal 2025.Based on a historically normal 15 forward multiple, that implies a fiscal 2024 price target for PVH of $225. Discounted back by 10% per year, that equates to a 2019 price target of $140. With PVH stock trading around $130 today, that means this stock still has good upside over the next several months. Bottom Line on PVH StockPVH is proving to the doubters that things aren't all that bad at the global apparel giant. As such, PVH stock is bouncing back from the dead. This recovery rally has legs, given the stock's still relatively depressed valuation, and further upside over the next several months look likely, so long as the global economy remains healthy.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post The Numbers Say This Rally in PVH Stock Is for Real appeared first on InvestorPlace.
Individual stock picking is about to make a comeback, Jim Cramer told his Mad Money viewers Thursday, thanks in part to a slew of hot new IPOs and individual companies doing extraordinary things. Beginning Friday with Lyft, Cramer said there are nearly $1 trillion worth of IPOs coming to the market, and many of them are household names that will spark the interest in individual investors. The second thing helping to encourage stock picking, the stocks themselves.
Stocks that moved substantially or traded heavily on Thursday: Accenture PLC, up $8.65 to $175.12 The consulting and outsourcing company reported record bookings during the fiscal second quarter, and its ...
PVH Corp. said it would shutter two Tommy Hilfiger locations, the New York City location on Fifth Avenue and the Miami store on Collins Avenue, during its fourth-quarter earnings call on Thursday. It was one of a series of changes the company announced after the brand's "phenomenal" performance. During the first quarter, the brand's sportswear will expand beyond Macy's Inc. , with product in Bloomingdale's and Nordstrom Inc. . Bloomingdale's is part of the Macy's portfolio. There are also pop-up shops and, after the partnerships with Kith and Vetements, brand collaborations in the pipeline. Calvin Klein has begun to rebound after the restructuring announcement during the previous quarter, according to the report. The company is in discussions with North American partner G-III Apparel Group about a deal in which G-III will take over the Calvin Klein women's jeans business in the region. PVH shares jumped 14.7% in Thursday trading, and have gained nearly 37% in 2019. The S&P 500 index is up 12% for the year so far.
PVH stock was on its way up Thursday following the release of its earnings report for the fourth quarter of 2018.Source: Mike Mozart via FlickrPVH (NYSE:PVH) reported earnings per share of $1.84 for the fourth quarter of the year. This is an increase over the company's earnings per share of $1.58 from the same time last year. It was also a boon to PVH stock by beating out Wall Street's earnings per share estimate of $1.76 for the quarter.Net income reported in the PVH earnings report for the fourth quarter of 2018 comes in at $158.40 million. This is better than the company's net income of $107.90 million reported in the fourth quarter of 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe PVH earnings report for the fourth quarter of the year also includes revenue of $2.48 billion. The American clothing company's revenue from the same period of the year prior was $2.50 billion. This is good news for PVH stock as Wall Street was looking for the company to report revenue of $2.41 billion during the period. * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos The most recent PVH earnings report also includes the company's guidance for the full year of 2019. It is expecting earnings per share for the year to range from 10.30 to $10.40 on a revenue increase of around 4%. Wall Street is estimating earnings per share of $10.32 on revenue of $9.88 billion for the year.PVH stock was up 15% as of Thursday afternoon and is up 18% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Bond Funds to Buy for a Shift in Interest Rates * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Why PVH Stock Is Soaring Today appeared first on InvestorPlace.
The company also said it was in talks with its North America apparel partner G-III Apparel Group LTD to licence out the brand's women's jeans unit. "We believe this was the right decision for the long-term health of the brand (Calvin Klein) as the existing high-end business was not resonating with our core consumer," Chief Executive Officer Emanuel Chirico said on a post earnings call. Fashion missteps at high-end Calvin Klein's 205W39NYC line of clothing have hit sales in recent quarters as customers baulked at the high prices of the ready-to-wear luxury clothing label that offered oversized sweaters, tie-dyed and silk dresses.
soared 17.4% to $130.14 Thursday after the apparel company beat Wall Street's fourth-quarter earnings and sales expectations, as its Tommy Hilfiger brand had an "outstanding quarter," while its Calvin Klein segment delivered "healthy" results. "Tommy Hilfiger had an outstanding quarter, with strong growth across all product categories and regions," Emanuel Chirico, chairman and CEO, said in a statement. Sales at Tommy Hilfiger increased 2.3% to $1.2 billion during the reported quarter.
PVH Corp's (PVH) Q4 results gain from strong performance at Tommy Hilfiger. However, the Calvin Klein North America business was dismal.
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Investors need to be prepared for more days like this, Jim Cramer warned his Mad Money viewers Wednesday. The IPO cycle is playing out just as Cramer had feared, and we're only just getting started. Cramer explained that this week's debut of ride-sharing service Lyft is creating a frenzy among institutional investors, all clamoring for a slice of the $2.2 billion deal that's already seeing share prices rise beyond expectations.