Fri, Oct. 7, 11:14 AM
- If things aren't quite as grim for apparel stores than some feared, it makes sense that clothing manufacturers could benefit.
- Following a better-than-anticipated sales report from Gap, and a big Goldman Sachs endorsement of Ralph Lauren (RL +2.7%), notable movers in the apparel sector on a down market day include Deckers Outdoor (DECK +1.7%), Columbia Sportswear (COLM +2.7%), PVH Corp (PVH +2.1%), Wolverine Worldwide (WWW +1%), Xcel Brands (OTCPK:XCEL), Oxford Industries (OXM +0.8%), and G-III Apparel (GIII +1.5%).
- Today's decent jobs report could also be a factor in the sector move.
- Previously: Rally time for Gap and apparel store peers (Oct. 7)
Wed, Sep. 21, 11:20 AM
- The SEC just charged Leon Cooperman with insider trading over Atlas Pipeline Partners, and Omega holdings such as Alitsource Portofolio, Navient, Aercap, and Tribune Media have knee-jerked sharply lower.
- A check of other top Omega holdings: First Data (FDC -1.3%), Allergan (AGN -0.9%), AIG (AIG +0.4%), Walgreens (WBA -0.6%), Dow Chemical (DOW), United Continental (UAL -0.7%), Ashland (ASH +0.3%), Chimera Investment (CIM -0.4%), Motorola (MSI +0.1%), HRG Group (HRG -1%), Microsoft (MSFT +1%), E*Trade (ETFC), New Residential (NRZ -1%), OneMain Holdings (OMF -2.3%), PVH (PVH +0.4%), UnitedHealth (UNH +0.7%), MGM Resorts (MGM -0.5%), New Media (NEWM -1.9%), Dish Network (DISH +0.5%), Synchrony Financial (SYF +1%), Eastman Chemical (EMN +0.3%).
- Previously: Cooperman holdings head south after insider trading charge (Sept. 21)
- Previously: Leon Cooperman charged with insider trading (Sept. 21)
Thu, Sep. 8, 8:20 AM
- Piper Jaffray backs up its bullish view on PVH (NYSE:PVH) after making some key visits to European markets.
- The investment firm has an Overweight rating and $124 price target set on PVH. The PT is about 18.6X the top end of PVH's EPS guidance range for this year.
- Shares of PVH are up 28% over the last 90 days and have easily recovered from a post-Brexit swoon in June.
Thu, Aug. 25, 10:05 AM
- Phillips-Van Heusen (PVH +1.2%) is higher after the company flew past estimates with its Q2 report.
- The company kept a lid on costs and sales for Calvin Kein North America were notably improved during the quarter.
- PVH now sees FY16 EPS falling in a range of $6.55 to $6.65, up from prior guidance of $6.45 to $6.55.
Wed, Aug. 24, 4:17 PM
Tue, Aug. 23, 5:35 PM
Mon, Aug. 22, 7:19 PM
- Phillips-Van Heusen (NYSE:PVH) had declared $0.0375/share quarterly dividend, in line with previous.
- Payable Sept. 15; for shareholders of record Aug. 24; ex-div Aug. 22.
Wed, Aug. 10, 9:58 AM
- Results from Fossil (FOSL +5.3%) and Ralph Lauren (RL +8.2%) that came in ahead of some beat-down expectations are helping to provide a lift to other names in the apparel sector. The rally is focused primarily on higher-end sellers.
- Cost streamlining helped to cut into weak tourism and F/X trends.
- Notable gainers include Hanesbrands (HBI +3.6%), PVH Corp (PVH +1%), Luxottica (LUX +1.9%), Kohl's (KSS +2.3%), VF Corp (VFC +1.2%), Guess (GES +1.2%), G-III Apparel (GIII +1.7%), Gildan Activewear (GIL +0.8%), and Vera Bradley (VRA +1.5%).
Mon, Jun. 27, 12:01 PM
Wed, Jun. 15, 1:08 PM
- PVH (PVH +4.6%) rallies after CEO Manny Chirico said sales at department stores are trending "slightly better" in Q2.
- Chirico, presenting today at the Piper Jaffray Consumer Conference in NYC, also noted the potential for growth with the Tommy Hilfiger women's business.
- Piper Jaffray Consumer Conference webcast
Fri, Jun. 10, 8:57 AM
Thu, May 26, 9:18 AM| Thu, May 26, 9:18 AM | 1 Comment
Thu, May 26, 8:59 AM
- PVH (NYSE:PVH) shoots higher after the company raised its full-year EPS forecast after a better-than-expected Q1.
- Calvin Klein was a strong performer during the quarter, with revenue up 13% before foreign exchange was factored in. Sales at Tommy Hilfiger were up 4% ex-F/X.
- The company expects EPS of $6.45-$6.55 vs. $6.30-$6.50 prior and $6.46 consensus.
- Previously: Phillips-Van Heusen beats by $0.07, beats on revenue (May 25)
- PVH +6.47% premarket to $95.60.
Wed, May 25, 5:39 PM
Wed, May 25, 4:17 PM
Tue, May 24, 5:35 PM