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PVH Beats 4Q17 Expectations, Issues Upbeat Guidance

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Snapshot of the series

Manhattan-based PVH (PVH) reported its 4Q17 results after the market closed on March 28, 2018. The results relate to the three-month period ended February 4, 2018. The company beat both top- and bottom-line expectations for the sixth time in a row. Earnings per share increased 28.5% YoY (year-over-year) to $1.58, whereas analysts had expected $1.48.

Revenue improved 18.5% YoY to $2.5 billion, $144 million more than analysts had forecast. Management also issued optimistic guidance for next year. For more about the company’s performance in 4Q17 and its outlook, refer to the second and fifth parts of this series.

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PVH stock rose more than 5% after its release and closed at $151.43. The company is among the better-performing branded apparel stocks this year, which we’ll discuss in Part 6. While analysts have maintained their recommendations for the stock after the company’s release, many have raised their price targets for the stock, which we’ll look at in Part 7.

About PVH

PVH is one of the largest US-based branded apparel companies in the world. The company owns several internationally recognized brands, such as Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga, and Eagle. Investors seeking exposure to PVH could consider the First Trust Consumer Discretionary AlphaDEX ETF (FXD), which invests 1% of its portfolio in the company.

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