) reached a new 52-week high of $135.43 on Nov 27, 2013. This
branded apparel designer and retailer eventually closed at
$134.84 on the last trading day, amassing a year-to-date return
of roughly 20.6%. Average volume of shares traded over the last 3
months stands at approximately 911.9K.
This N.Y.-based retailer currently trades at a forward P/E of
19.0x, a 1.4% premium to the peer group average of 18.73x. The
last traded price is 1.3% below the Zacks Consensus average
analyst price target of $136.67.
An impressive record of beating the quarterly earnings
expectations, sustained focus on brand building, asset
management, global expansion and effective implementation of
business strategies mainly drove the strong appreciation of PVH's
The company's focus on brand building is evident from PVH
Corp.'s emphasis on developing its higher-margin businesses, led
by the Calvin Klein and Tommy Hilfiger brands, rather than
lower-margin products to drive long-term growth and enhance
To achieve this, it recently divested all the assets of its
G.H. Bass & Co. division to a subsidiary of
G-III Apparel Group, Ltd.
). The deal fetched PVH Corp. nearly $50 million of cash.
This Zacks Rank #4 (Sell) company also formed a joint venture
(JV) with Gazal Corporation Limited in early October to expand
the footprint of its Calvin Klein brand across Australia, New
Zealand and the South Pacific nations and islands.
Backed by its strong brand portfolio and its recent
acquisition of Warnaco, PVH Corp. expects its non-GAAP earnings
per share to increase over 15% in 2014 and onwards. The company,
with its associates, brands and financial strength is well
positioned to achieve accelerated growth and generate positive
returns for its shareholders.
With the aforementioned strategies, we believe PVH Corp. is
moving in the right direction, which will help it to exploit
opportunities in the lifestyle apparel market.
Apart from PVH Corp., retail stocks such as
Constellation Brands Inc.
) achieved new 52-week highs of $71.18 and $53.64, respectively,
on Nov 27, 2013.
G-III APPAREL (GIII): Free Stock Analysis
MACYS INC (M): Free Stock Analysis Report
PVH CORP (PVH): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis
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