PVH Corp (PVH) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. PVH said it had a profit of $2.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $2.40. The company posted revenue of $2244.30 million in the period, compared to analysts expectations of $2230.00 million. PVH’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS.
Many Wall Street Analysts have commented on PVH Corp. PVH Corp was Initiated by Guggenheim to “Buy” on Sep 30, 2016. PVH Corp was Resumed by Wells Fargo to “Outperform” on Sep 12, 2016.
PVH Corp closed down -2.04 points or -1.89% at $106.03 with 10,83,677 shares getting traded on Tuesday. Post opening the session at $108.12, the shares hit an intraday low of $105.48 and an intraday high of $109.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Oct 14, 2016, David F Kozel (EVP, Human Resources) sold 3,000 shares at $111.96 per share price. According to the SEC, 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.