Revenue Update on PVH Corp(NYSE:PVH)

PVH Corp(NYSE:PVH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $2.108B. Analysts estimated a revenue of $2.090B. The revenues were 0.86% above the estimates. Earnings per share were $1.23. The reported EPS was above estimates by 3.36%. Analysts had estimated an EPS of $1.19.

In a different note, On Feb 1, 2017, Evercore ISI Group said it Downgrades its rating on PVH Corp. The shares have been rated ‘Hold’ by the firm.

PVH Corp (PVH) made into the market gainers list on Fridays trading session with the shares advancing 2.43% or 2.39 points. Due to strong positive momentum, the stock ended at $100.94, which is also near the day’s high of $102.11. The stock began the session at $100.17 and the volume stood at 25,20,501 shares. The 52-week high of the shares is $115.4 and the 52 week low is $82.1. The company has a current market capitalization of $8,001 M and it has 7,92,65,740 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 14, 2016, David F Kozel (EVP, Human Resources) sold 3,000 shares at $111.96 per share price.Also, On Oct 11, 2016, Mark D Fischer (EVP, General Counsel & Sec.) sold 1,000 shares at $115.00 per share price.On Oct 7, 2016, Francis K Duane (CEO, Wholesale Apparel) sold 25,405 shares at $112.00 per share price, according to the Form-4 filing with the securities and exchange commission.

PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger Van Heusen IZOD ARROW Warner’s Olga and Eagle which are owned brands and Speedo Geoffrey Beene Kenneth Cole New York Kenneth Cole Reaction Sean John MICHAEL Michael Kors Michael Kors Collection Chaps Donald J. Trump Signature Collection DKNY Nautica Ted Baker J. Garcia Claiborne Ike Behar Jones New York and Ryan Seacrest which are licensed as well as various other licensed and private label brands. It designs and markets branded dress shirts neckwear sportswear jeanswear intimate apparel swim products and to a lesser extent handbags footwear and other related products. It manages its operations through its operating divisions which are presented as six segments: Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale and Heritage Brands Retail.

Add Comment