Riding on better-than-expected first-quarter fiscal 2013
bottom-line results, shares of
) attained a new 52-week high of $130.95 yesterday, before
closing at $130.86, up 2.0% from the previous day's session. This
Zacks Rank #2 (Buy) stock generated a year-to-date return of
Based on the current price, this designer, marketer and
retailer of apparel, furnishings and accessories is 0.8% below
the Zacks Consensus average analyst price target of $131.91. The
company currently trades at a forward P/E of 18.42x, a 2.6%
premium to the peer group average of 17.96x. Additionally, the
company's long-term estimated EPS growth rate is 14.3% higher
than the peer group average of 12.7%.
PVH Corporation's earnings surprise history shows it to have
outperformed the Zacks Consensus Estimate in the last 10 quarters
with an average beat of 10.1%, including a positive surprise of
39.4% in the previous quarter.
PVH Corporation posted results on Jun 12, in which 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 revenue growth from the
acquisition of The Warnaco Group, Inc. and improved margins.
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 were the
growth drivers. PVH Corporation expects the momentum to continue
in the second quarter as well.
However, despite impressive results, the guidance seems
somewhat conservative, with the company's adherence to its
PVH Corporation continues to expect fiscal 2013 total revenue
to be $8.2 billion, and reiterated earnings of $7.00 per share.
Currently, the Zacks Consensus Estimate for the fiscal is $7.10
per share. For the second quarter, total revenue is projected to
be $1.9 billion, with earnings of approximately $1.35 per share.
The current Zacks Consensus Estimate of $1.36 per share for the
second quarter is slightly above the company's forecast.
) achieved new 52-week highs of $44.10, $50.77 and $200.43,
respectively on Jul 9, 2013.
GAP INC (GPS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
PVH CORP (PVH): Free Stock Analysis Report
V F CORP (VFC): Free Stock Analysis Report
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