Gathering momentum from the better-than-expected first-quarter
fiscal 2013 bottom-line results, shares of
) surged to attain a new 52-week high of $126.20 yesterday,
before closing at $125.19, up 1.6% from the previous day's
session. This Zacks Rank #3 (Hold) stock has generated a
year-to-date return of approximately 12%.
Based on the current price, this designer, marketer and
retailer of apparel, furnishings and accessories is 1.8% below
the Zacks Consensus average analyst price target of $127.46. The
company currently trades at a forward P/E of 17.78x, a 2.7%
premium to the peer group average of 17.32x. Additionally, the
company's long-term estimated EPS growth rate is 13.8%,
significantly higher than the peer group average.
Looking at the company's earnings surprise history, PVH
Corporation has outperformed the Zacks Consensus Estimate in the
last 10 quarters by an average of 10.1%, including a positive
surprise of 39.4% in the recently concluded quarter.
PVH Corporation came out with the results on Jun 12, wherein
quarterly earnings of $1.91 per share surpassed the Zacks
Consensus Estimate of $1.37, and surged 43.6% from the year-ago
quarter. The upside was primarily driven by strong revenue growth
resulting from the acquisition of The Warnaco Group, Inc. and
During the quarter, total revenue of the company jumped 33.8%
to $1,910.2 million compared with $1,427.4 million in the
prior-year quarter. Management hinted that strong performance
across Calvin Klein, Tommy Hilfiger and Heritage Brands remain
the growth drivers. PVH Corporation expects the momentum to
continue in the second quarter as well.
However, given the impressive results, the guidance seems
somewhat conservative, as the company maintains its outlook.
PVH Corp. continues to expect fiscal 2013 total revenue to be
$8.2 billion, and reiterated earnings of $7.00 per share. For the
second quarter, total revenue is projected to come in at $1.9
billion with earnings of approximately $1.35 per share. The
current Zacks Consensus Estimate for the second quarter and
fiscal 2013 remains in line with the company's forecast.
Restoration Hardware Holdings, Inc.
B&G Foods Inc.
The Boeing Company
) achieved a new 52-week high of $72.30, $33.20 and $103.52 on
Jun 17, 2013.
BOEING CO (BA): Free Stock Analysis Report
B&G FOODS CL-A (BGS): Free Stock Analysis
PVH CORP (PVH): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis
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