What Wall Street Thinks of PVH Corp Now
PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.
In 1Q17, PVH reported a 10% YoY (year-over-year) increase in its EPS (earnings per share), driven mainly by a business beat.
PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.
PVH Corporation (PVH) top line is expected to see a 5% YoY (year-over-year) rise in 2Q17.
Analysts expect PVH’s earnings per share to rise 11.6% YoY (year-over-year) to $1.64 on total sales of $2 billion, which would be 4.9% higher YoY.
Ralph Lauren’s (RL) stock price soared 13% after the company reported better-than-anticipated top and bottom lines on Tuesday, August 8.
Ralph Lauren reported a 210-basis-point improvement in gross margin, which stood at 63.2% of sales in 1Q18.
Ralph Lauren (RL) reported total revenues of $1.35 billion in 1Q18, down 13% as compared to the same period last year.
Ralph Lauren’s adjusted profit jumped 4.7% YoY (year-over-year) to $1.11 per share in fiscal 1Q18. In comparison, Wall Street was expecting a 10.4% decline in earnings to $0.95 per share.
TJX’s earnings were in line with the analysts’ estimates in fiscal 1Q18, after surpassing the analysts’ estimates in all the quarters of fiscal 2016 and fiscal 2017.
For fiscal 2Q18, TJX expects its fiscal 2Q18 gross margin to be in the 28.6%–28.7% range, compared with its gross margin of 29.4% in fiscal 2Q17.
TJX Companies (TJX) generated sales of $7.8 billion in fiscal 1Q17, lagging behind the analysts’ consensus estimate of $7.9 billion.
TJX Companies (TJX) is scheduled to announce its fiscal 2Q18 (ended July 29, 2017) results on August 15. The stock has fallen 4.8% so far this year.
Of the analysts covering HBI stock, 73% suggest buying HBI stock. The remaining 27% recommend holding it, while none suggest selling it.
HBI’s net income increased less than 1% during the quarter to $197.0 million.
HanesBrands (HBI) reported a 12% year-over-year increase in its 2Q17 sales to ~$1.6 billion, which is in line with Wall Street expectations and company guidance.
North Carolina–based HanesBrands (HBI) reported its 2Q17 results after the market closed on August 1. The company posted earnings and sales that were in line with Wall Street expectations.
Unimpressive financial performance has taken a toll on Michael Kors’ (KORS) stock market performance. Its shares have tumbled more than 15% to date.
As we discussed, Michael Kors (KORS) is slated to report its first-quarter results on August 8. Management has guided for $0.60 to $0.64 in earnings per share.
Fiscal 2017 was a tough year for Michael Kors (KORS). The company posted a year-over-year (or YoY) sales decline in all four quarters.