PVH Corp (PVH) Releases Earnings Results, Beats Expectations By $0.07 EPS

PVH Corp (PVH) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $1.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.43. The company posted revenue of $1918.00 million in the period, compared to analysts expectations of $1901.08 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on PVH Corp. Company shares were Reiterated by Telsey Advisory Group on Mar 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 113 from a previous price target of $93 .Company shares were Reiterated by Deutsche Bank on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $95 .

PVH Corp opened for trading at $86.92 and hit $89.2 on the upside on Friday, eventually ending the session at $88.96, with a gain of 2.94% or 2.54 points. The heightened volatility saw the trading volume jump to 19,24,840 shares. Company has a market cap of $7,230 M.

In a different news, on Apr 5, 2016, Mary Baglivo (director) sold 2,560 shares at $99.20 per share price. According to the SEC, on Jan 5, 2016, Mark D Fischer (EVP, General Counsel & Sec.) sold 3,456 shares at $73.60 per share price. On Jun 5, 2015, Bruce Maggin (director) sold 10,000 shares at $114.39 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.

PVH Corp

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