|Bid||87.43 x 1300|
|Ask||87.44 x 1800|
|Day's Range||85.52 - 87.57|
|52 Week Range||67.41 - 134.24|
|Beta (3Y Monthly)||1.98|
|PE Ratio (TTM)||9.82|
|Earnings Date||Nov 27, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||0.15 (0.17%)|
|1y Target Est||100.89|
PVH, the owner of the Tommy Hilfiger brand, reported earnings that beat expectations, but cited weaker traffic amid U.S.-China trade tensions. Yahoo Finance's Akiko Fujita and Ines Ferre discuss.
The holiday season may not be so jolly for some retailers and fashion brands, which could fall victim to a new wave of store closures if holiday sales disappoint. Already, 2019 is on track to be the worst year for US store closures in the 24-year history of the Credit Suisse index that tracks them. Analysts at the bank have lowered their sales and earnings forecasts for a group of US retail companies including Macy’s and Kohl’s, saying Wall Street’s expectations are too optimistic heading into 2020.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
When PVH Corp. (NYSE:PVH) announced its most recent earnings (04 August 2019), I did two things: looked at its past...
Buckingham Capital Management was launched back in 1985 by David Keidan. Mr. Keidan is the fund’s President and Chief Investment Officer, and also a Trustee at Montefiore Health System Inc. He holds MBA from Harvard Business School, and prior to founding Buckingham Capital Management he gained vast experience in research, trading and asset management. He […]
In a recent Real Money column, Jim Cramer said that before you buy any stock, you need to play a little game. One apparel maker Cramer pointed out -- PVH Corp. -- is most definitely hostage to trade until the company can produce most, if not all, of its products outside of China. In the daily bar chart of PVH, below, we can see that prices have been cut in half the past 12 months as PVH fell from around $145 in late September of last year to around $70 last month.
Most of the time analysts issue bullish calls on stocks. So when an analyst publishes a Hold rating, or even more rarely a Sell rating, it’s time to take note. Here are three stocks with a very bearish outlook from Goldman Sachs right now. According to the firm, these 3 stocks all deserve the most worrying ‘underperform’ rating based on their outlook for the coming months. Here we take a closer look at why Goldman Sachs is advising against these three stocks, and whether or not the rest of the Street agrees. Let’s dive in now: Seagate Technology PLCWith the HDD (hard disk drives) market in secular decline, it’s not surprising that Goldman Sachs analyst Mark Delaney remains unconvinced about Seagate Tech (STX– Get Report). His Sell rating comes with a $37 price target- suggesting prices could plummet 34% in the coming months. Indeed, the data storage company has already rallied 46% year-to-date- and for Delaney that’s a key reason for caution going forward. "We believe HDDs remain a cyclical industry, and one facing secular challenges in many parts of the market from the growth of SSDs (solid-state drives) that are based on NAND flash," Delaney told investors when he first downgraded the stock. He also prefers larger storage rival Western Digital (WDC)- which has a more neutral Hold rating from the Goldman analyst. Unlike STX, WDC also has large exposure to NAND flash, thanks to its 2016 SanDisk acquisition.Meanwhile Barclays analyst Tim Long also recently initiated STX with a Sell rating- and an even more bearish price target of $32. He warns that top-line pressure and a possible increase in research and development "could disrupt the capital return to shareholders." Overall STX scores a Hold rating from the Street based on all the ratings published over the last three months. The average analyst price target stands at $47 (16% downside potential). Gilead Sciences IncDrugs giant Gilead (GILD– Get Report) received the thumbs down from Goldman Sachs earlier this year. “We are downgrading GILD to Sell from Neutral and lowering our price target to $60 from $70 which represents -10% downside vs 17% avg upside for the rest of our coverage,” Terence Flynn wrote. Indeed, with Gilead now trading at $66 the analyst’s new $60 price target is one of the Street’s lowest price targets and suggests considerable downside risk lies ahead. With the loss of the blockbuster HCV franchise and near total market dominance in HIV (80% of US patients on anti-retrovirals are on a Gilead product), Gilead is in a period of change as management searches for new avenues to generate growth. "GILD currently trades at ~10x NTM P/E and barring another "Pharmasset" and/or internal pipeline success we find it difficult to see the stock's multiple expanding" says Flynn.According to the analyst, GILD has a “very limited” mid-to-late stage pipeline of drugs under development. The analyst told investors: “[T]he company has a new CEO and we assume that rebuilding the pipeline and improving R&D productivity across the organization will be a key area of focus… This can clearly take time and we anticipate there will be tremendous competition for innovative/growth assets.”However, the rest of the Street is notably more optimistic. Not only are we looking at a Strong Buy analyst consensus, but significant upside potential of 28% according to the average analyst price target. “We look towards the expansion of the pipeline via M&A (i.e., Galapagos so far) to drive long-term growth” writes Maxim analyst Jason McCarthy. He has a buy rating on GILD with an $84 price target. PVH CorpOne of the world’s largest apparel companies, PVH (PVH– Get Report) owns both Tommy Hilfiger and Calvin Klein. However that isn’t enough to win over Goldman Sachs analyst Alexandra Walvis. On August 30 she slashed her price target from $82 to $73 while maintaining a Sell rating. From current levels her price target indicates downside potential of almost 20%.In fact the analyst has recently issued Sell ratings on a number of apparel companies, including Ralph Lauren (RL); Levi Strauss (LEVI) and Tapestry Inc (TPR). So what's driving all these bearish calls?“The combination of persistently tough first-half retail trends and an optimistic spring ordering season has driven inventory overhangs at several multibrand retailers," Walvis revealed. "These retailers are thus tightening up ordering as we head into the critical back-to-school and holiday season. We thus see incremental sell-in risk for apparel brands, particularly those with high exposure to department stores."In particular, the Goldman analyst warned of potentially fading growth at PVH's Tommy Hilfiger brand thanks to its dependence on outlet stores, as well as challenges over at Calvin Klein. “While brands that have been investing in building strong direct-to-consumer omnichannel commerce are likely to be more insulated, we take a more cautious view on nonathletic apparel brands whose direct-to-consumer businesses are skewed towards outlet stores, particularly given challenged traffic trends in these locations,” she said. And a note of caution: Apple Inc Although Goldman Sachs has a Hold rating on Apple (AAPL– Get Report) (rather than Sell) it is worth nothing that analyst Rod Hall just made a notably bearish move on the stock. On September 13 he significantly cut his AAPL price target from $187 to $165 (24% downside potential). He blamed Apple’s accounting practices for the move: “We believe that Apple plans to account for its 1-year trial for TV+ as a ~$60 discount to a combined hardware and services bundle,” wrote Hall.“Effectively, Apple’s method of accounting moves revenue from hardware to Services even though customers do not perceive themselves to be paying for TV+. Though this might appear convenient for Apple’s services revenue line it is equally inconvenient for both apparent hardware ASPs and margins in high sales quarters like the upcoming FQ1′20 to December,” the analyst added.Discover Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies and owner of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, Speedo*, and IZOD, announces a $3 million, three-year grant extension with Save the Children. This grant continues PVH’s support of early childhood development and early learning programs in the U.S., China, Bangladesh and India, as well as youth employability programming in Ethiopia. The PVH Foundation began its partnership with Save the Children in 2005 and, in 2014, pledged a $5 million multi-year commitment to the organization’s early education programs.
Insider buying can be an encouraging signal for potential investors. A couple of consumer goods companies saw notable insider buying this past week. A beneficial owner increased a stake in an industrial giant as well.
Chairman & CEO of Pvh Corp (30-Year Financial, Insider Trades) Emanuel Chirico (insider trades) bought 133,155 shares of PVH on 09/03/2019 at an average price of $74.99 a share. Continue reading...
Dollar General Inc., PVH Corp. and other retailers used their earnings releases this season to highlight efforts to manage increased tariffs, showing just how close the trade war between the U.S. and China is coming to American shoppers.