|Bid||30.12 x 1000|
|Ask||31.72 x 900|
|Day's Range||29.02 - 31.73|
|52 Week Range||28.40 - 134.24|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||3.63|
|Earnings Date||May 26, 2020 - May 31, 2020|
|Forward Dividend & Yield||0.15 (0.47%)|
|Ex-Dividend Date||Aug 28, 2019|
|1y Target Est||59.95|
Manny Chirico, chairman and CEO of apparel maker PVH Corp. , appeared on Mad Money Wednesday night to discuss his company's business. In the daily bar chart of PVH, below, we can see that the stock price has been in trouble long before the pandemic. The On-Balance-Volume (OBV) line has been weak the past year and tells us that sellers of PVH have been more aggressive for a long time.
PVH Corp (PVH) delivers strong fourth-quarter fiscal 2019 performance, driven by strength in the Tommy Hilfiger brand. The company withholds the fiscal 2020 view on impacts of the coronavirus outbreak.
It was likely a matter of time before the CEO of a Fortune 500 company became infected with the coronavirus, and PVH Corp (NYSE: PVH) CEO Manny Chirico may hold the unfortunate distinction of being first.Chirico Feeling 'Fine'Chirico serves as a board member at the Montefiore Medical Center in Bronx, New York, and everyone who has reason to be in the hospital for a period of time has to be tested for the coronavirus, he said Wednesday evening during a CNBC "Mad Money" interview with Jim Cramer. Despite showing no symptoms, the apparel executive said he was "shocked" to find out he was positive.Chirico said he immediately isolated himself from his live-in parents and suspects his wife may also have the disease. But so far he told Cramer he feels "fine."Chirico said he remains motivated to support the policemen, firemen and emergency workers at all hospitals who go out every day to put themselves at risk.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Talking Business: 'Painful Process' Ahead PVH's retail partners, including Macy's Inc (NYSE: M), were struggling prior to the coronavirus outbreak, and the coming weeks will be a "painful process," the CEO said.Macy's in particular continues to do "what's necessary to weather the storm," and the retailer is backed by "substantial assets" that can help generate cash, he said. Once the virus is resolved, Macy's is "clearly" going to be a "survivor," and PVH has lots of confidence in its management team, Chirico said. Chirico also said he previously expected the retail industry to undergo "significant consolidation," but the coronavirus is accelerating the pace."It probably will accelerate some of the store closings that need to take place and I think it'll make us a more efficient industry, but there will be pain going through it," he said. "There's no doubt about it."PVH shares were trading 6.1% higher at $34.62 in Thursday's premarket session. Related Links:PVH Reports Q4 Earnings BeatMacy's Downgraded From S&P 500 To SmallCap 600 Index As Company's Market Cap Shrinks To .5BSee more from Benzinga * 7 New Food Items We Can't Wait To Eat: Shackburger, Big King XL And More * Sysco Stock Falls After Report Of Temporary Halt In Fresh Food Sales * Private Equity Group Lobbied Trump Administration For 0B Coronavirus Bailout Fund: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PVH (PVH) delivered earnings and revenue surprises of 4.44% and 4.82%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
PVH Corp. shares rose more than 7% in the extended session Wednesday, after the company warned investors about the damaging effects of the COVID-19 pandemic on its businesses and beat earnings and revenue estimates. The apparel company reported a fourth-quarter net loss of $68.5 million, or 93 cents a share, compared with net income of $158.7 million, or $2.09 a share, in the year-ago period. Adjusted for items such as a non-cash loss on its Speedo acquisition, among other items, earnings were $1.88 a share versus $1.84 a year ago. The company said earnings per share were impacted negatively by 25 cents because of additional inventory reserves as a result of the onset of the coronavirus pandemic. Revenue rose to $2.6 billion from $2.48 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.72 a share on revenue of $2.47 billion. For the first quarter, analysts model adjusted earnings of $1.16 a share and sales of $1.94 billion. PVH said that it was not issuing guidance due to the COVID-19 pandemic and that its first quarter and full-year results will be hurt by the outbreak. PVH said it was halting stock buybacks, suspending its dividend beginning in the second quarter, reducing capital expenditures and eliminating discretionary spending; the apparel maker also said it was drawing down $750 million of its over $1 billion revolving credit facility. PVH stock has fallen 74% in the past year, with the S&P 500 index falling 9.9%.
On Wednesday, April 1, PVH (NYSE: PVH) will release its latest earnings report. Decipher the announcement with Benzinga's help.Earnings and Revenue Analysts covering PVH modeled for quarterly EPS of $1.81 on revenue of $2.50 billion.PVH reported a per-share profit of $1.84 when it published results during the same quarter last year. Sales in that period totaled $2.48 billion. If the company were to report inline earnings when it publishes results Wednesday, quarterly profit would be down 1.63%. Revenue would be have grown 0.64% from the same quarter last year. Here's how the PVH's reported EPS has stacked up against analyst estimates in the past:View more earnings on PVH Quarter Q3 2019 Q2 2019 Q1 2019 Q4 2018 EPS Estimate 2.990 1.890 2.440 1.76 EPS Actual 3.100 2.100 2.460 1.84 Stock Performance Over the last 52-week period, shares are down 68.66%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. Analysts have been rating PVH stock as Neutral. The strength of this rating has maintained conviction over the past three months.See more from Benzinga * Stocks That Hit 52-Week Lows On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Giving back has been embedded in PVH Corp.’s (NYSE:PVH) culture throughout our nearly 140-year old history, and it is part of who we are as a company today. During these unprecedented circumstances, it’s more important than ever that we stand strong together to support our people, communities, and industry.
FEATURE Aileen Lee is founding partner at Cowboy Ventures, a Palo Alto, Calif.-based firm that invests in seed-stage enterprise and consumer tech businesses. Successful exits include Accompany, acquired by (CSCO) (ticker: CSCO); Dollar Shave Club, acquired by (ULVR) (ULVR.
PVH Corp's (PVH) fourth-quarter fiscal 2019 results are expected to reflect significant impacts from the store closures in China due to the coronavirus pandemic.
PVH (PVH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
PVH Corp (PVH) is the latest retailer to close stores in North America and Europe to contain the spread of coronavirus. The company's retail stores will remain closed from Mar 17 to Mar 29.
PVH Corp. said Monday it will close all of its company-operated retail stores in North American and Europe, from March 17 through March 29. The branded apparel company, which brands include Tommy Hilfiger, Calvin Klein, Izod and Speedo, said the employees of the stores being closed will receive full pay and benefits for their scheduled shifts. PVH said its company offices will remain open, but all but a "minimal number" of employees of those offices are working remotely in North America and Europe. The company said that many of its stores in Asia-Pacific have re-opened. "While retail store traffic has shown some improvement over the past month, it remains down significantly compared with the prior year," PVH said in a statement. The company said it will provide a business update including the impact of COVID-19 when it reports fiscal fourth-quarter results on April 2. The stock, which tumbled 12.4% in midday trading toward a 10-year low, has lost a little more than half its value (51%) over the past month, while the S&P 500 has shed a little more than a quarter (26%) of its value.
PVH Corp. [NYSE: PVH] announced today that in response to the escalating global coronavirus (COVID-19) outbreak, it will close temporarily all Company-operated retail stores across North America and Europe, effective March 17 through March 29. All retail associates at these locations will continue to receive full pay and benefits for their scheduled shifts during the temporary closure period.
To the annoyance of some shareholders, PVH (NYSE:PVH) shares are down a considerable 34% in the last month. That drop...
Leading U.S. lawmakers proposed legislation on Wednesday aimed at preventing goods made from forced labor in China's Xinjiang region from reaching the United States. The legislation would alter existing rules and require importers to obtain certification from the U.S. government that goods were not produced using forced labor by minority Uighur Muslims in Xinjiang. The Uyghur Forced Labor Prevention Act was co-sponsored by Republican Senator Marco Rubio and Democratic Representative James McGovern, co-chairs of the bipartisan Congressional-Executive Commission on China (CECC).
PVH Corp. (NYSE:PVH) today announced that it will release its fourth quarter and full year 2019 earnings results and 2020 outlook on Wednesday, April 1, 2020 after the market closes. PVH will sponsor a conference call on Thursday, April 2, 2020 beginning at 9:00 A.M. Eastern Time, hosted by Emanuel Chirico, Chairman and Chief Executive Officer, and Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, to discuss the results and the 2020 outlook.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Neon leisure wear with high-topped trainers and glowing yellow laces opened American designer Tommy Hilfiger's latest show on Sunday, a collaboration with Formula One champion Lewis Hamilton and singer H.E.R. that put sustainability at the fore. Hilfiger took over London's Tate Modern, the former riverside power station that is now a contemporary gallery, to present the street style-inspired collection of unisex designs plus his more formal Hilfiger clothes for men and women. The show, which featured supermodels Naomi Campbell, Erin O'Connor and Jodie Kidd, as well as models of diverse shapes and sizes, and accompanied by a live band that rapped, sang and played a steelpan, was underpinned by environmental sustainability, said Hilfiger.