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PVH Corp. (PVH)

- NYSE
  • Dec. 10, 2013, 1:56 PM
    • Brean Capital backs PVH (PVH +3.4%) following the retailer's worse-than-forecast guidance for FQ4.
    • The investment firm acknowledges some short-term pain and takes FY14 - and FY15 EPS estimates lower - but calls the business model of PVH one of the strongest in the apparel industry.
    • Solid balance sheet management by PVH and the global potential for the Tommy Hilfiger and Calvin Kein brands makes shares attractive, says Brean.
    • Shares of PVH have turned around last night's AH loss into a tidy gain.
    | Dec. 10, 2013, 1:56 PM | Comment!
  • Dec. 9, 2013, 4:28 PM
    • PVH shares are down 2.7% AH following a FQ3 beat but ligher-than-expected FQ4 guidance.
    • Revenue expanded 38% Y/Y to $2.26B, principally on the back of a $503M in revenue from the acquisition of Warnaco. The Tommy Hilfiger unit generated revenue growth of 10%, or $87M and pre-acquisition Calvin Klein businesses 19%, or $55M, partially offset by a 6% decrease, or $29M, in Heritage Brands.
    • Calvin Klein comps jumped 3% Y/Y in North America but fell 1% internationally in FQ3. Tommy Hilfiger comps rose 3% in N.A. and 4% in Europe. Heritage Brands comps declined 3%.
    • Management guides for Q4 EPS of $1.40-$1.60 (vs. analyst consensus of $1.54) and revenue of $2.08B (vs. $2.14B).
    • Conference call at 9am ET tomorrow, PR
    | Dec. 9, 2013, 4:28 PM | Comment!
  • Dec. 9, 2013, 4:07 PM
    • PVH (PVH): FQ3 EPS of $2.30 beats by $0.04.
    • Revenue of $2.26B (+38% Y/Y) beats by $0.04B. Shares -4.4% AH. (PR)
    | Dec. 9, 2013, 4:07 PM | Comment!
  • Dec. 9, 2013, 12:10 AM
  • Dec. 8, 2013, 5:35 PM
  • Oct. 2, 2013, 6:42 PM
    • PVH is unloading footwear brand G.H. Bass & Co., owned by the company since 1987, to G-III Apparel (GIII) for $50M in cash. The deal is expected to close in Q4. (PR)
    • PVH expects the sale to hurt its 2013 EPS by $0.05, and to be dilutive by $0.15/share on a full-year basis. Nonetheless, the company is reaffirming its guidance for 2013 EPS of $7. It's also raising its Q3 EPS guidance to $2.25, above prior guidance of $2.20 and a $2.22 consensus.
    | Oct. 2, 2013, 6:42 PM | Comment!
  • Sep. 9, 2013, 6:49 PM
    • PVH Corp. (PVH) Q2 beats across the board, but the shares are lower after-hours as the company lowers guidance for Q3.
    • Net earnings however swung to a loss, as acquisition costs offset a 47% rise in total sales Y/Y.
    • Tommy Hilfiger revenue rose 11% to $799M, as same- store sales were up 10% in North America and 11% in its international business.
    • Calvin Klein revenue more than doubled to $671M, mainly due to the Warnaco acquisition.
    • Total gross margin narrowed to 54.4% from 55.6%.
    • For the current quarter, the company expects its EPS to come in around $2.20 a share on revenue of $2.2B, below Street estimates of $2.28 per share on revenue of $2.23B.
    • Shares -4.3% AH.
    | Sep. 9, 2013, 6:49 PM | Comment!
  • Sep. 9, 2013, 4:21 PM
    • PVH (PVH): Q2 EPS of $1.39 beats by $0.01.
    • Revenue of $1.96B (+47% Y/Y) beats by $0.07B. Shares -2.74% AH. (PR)
    | Sep. 9, 2013, 4:21 PM | Comment!
  • Sep. 9, 2013, 2:21 PM
    • Deutsche Bank hikes its PT on PVH to $145 ($125 previous) and reiterates a Buy rating ahead of the company's Q2 results announcement later today.
    • Analyst Greg Poole expects an in-line Q2, a modest raise, and continued long-term growth. Poole notes, "Despite a recent slowdown in U.S. apparel industry trends, the market should continue to like the PVH story given: (1) potential synergies from the Warnaco integration, (2) out-year payoffs to this year's investments, and (3) a high-quality play on global growth (particularly if Europe is bottoming)."
    | Sep. 9, 2013, 2:21 PM | Comment!
  • Sep. 9, 2013, 12:10 AM
  • Sep. 8, 2013, 5:35 PM
  • Aug. 28, 2013, 10:50 AM
    • Retail traffic to U.S. stores has declined in 8 out of the last 10 weeks, according to data compiled from ShopperTrak.
    • Though a few on-trend firms such as Michael Kors (KORS +0.1%) and Express (EXPR +8.5%) are still firing on all cylinders, and a heat wave in the Midwest has had an effect, the overall trend for the back-to-school season and holiday season looks weak.
    • Analysts also think consumers are likely to pick up their reliance on deals as discretionary spending on housing and automobiles "crowds out" normal outlays.
    • Related ETFs: XRT, RTH, PMR, RETL.
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    | Aug. 28, 2013, 10:50 AM | 1 Comment
  • Aug. 12, 2013, 12:02 PM
    • Goldman's Lindsay Drucker Mann resumes TIF, RL at Neutral, PVH at Buy.
    • Tiffany & Company (TIF +0.1%) is resumed at Neutral (six-month PT $84) as optimism regarding a "compelling long-term earnings runway ... is tempered by near-term earnings headwinds, including currency and an early-stage US turnaround effort."
    • Ralph Lauren (RL -0.8%) is resumed at Neutral (six-month PT $205). The retailer has delivered "consistent top-line and EPS growth" for a decade against a "backdrop ... loaded with fashion and execution risk."
    • Phillips Van Heusen (PVH +2%) is resumed at Buy (PT $165). The company has built "a portfolio of global reaching, scale brands [and] has proven itself superior to mature apparel peers in delivering shareholder value via organic and acquisitive growth."
    | Aug. 12, 2013, 12:02 PM | Comment!
  • Jun. 13, 2013, 9:11 AM
    Premarket gainers: BLC +27%. GCI +27%. SWY +21%. SPRD +17%. MY +11%. PVH +9%. TVL +8%.
    | Jun. 13, 2013, 9:11 AM | Comment!
  • Jun. 12, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: SWY +30%. SPRD +25%. PVH +7%. PSMI +6%. SVU +6%.
    After-hours top losers: SIGM -8%. QCOR -7%. SQNM -5%. ECYT -3%. VLCCF -3%.
    | Jun. 12, 2013, 5:30 PM | 3 Comments
  • Jun. 12, 2013, 4:41 PM
    More on PVH's Q1: Non-GAAP EPS comes in well ahead of both company and Street estimates. Revenue jumps 36% Y/Y due to the acquisition of Warnaco and gains at Tommy Hilfiger. On a segment-by-segment basis, comps growth was 4% and 5% for Calvin Klein North America and International, respectively, 5% and 4% for Tommy Hilfiger North America and International, and -7% for Heritage Brands. FY13 guidance reiterated at $7/share on $8.2B in sales. Shares +7.4% AH. (PR)
    | Jun. 12, 2013, 4:41 PM | Comment!
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Company Description
PVH Corp is an apparel company, which designs and markets branded dress shirts, neckwear, sportswear,jeanswear, intimate apparel, swim productsand, to a lesser extent, footwear and other related products.