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PVH Corp. (PVH) operates as an apparel company worldwide.
The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail.
It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
The company offers its products under its own brands, such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, ARROW, Warner's, Olga, Geoffrey Beene, and True&Co., as well as various other owned, licensed, and private label brands. It also licenses its own brands over various products.
The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations, as well as through digital commerce sites.
It markets its products to approximately 40 countries. PVH Corp. was founded in 1881 and is based in New York, New York.
PVH reported 2nd Quarter July 2021 earnings of $2.72 per share on revenue of $2.3 billion. The consensus earnings estimate was $1.19 per share on revenue of $2.1 billion. Revenue grew 46.3% on a year-over-year basis.
The company said it expects third quarter earnings of $1.95 to $2.00 per share on revenue of $2.35 billion to $2.39 billion. The current consensus earnings estimate is $1.58 per share on revenue of $2.36 billion for the quarter ending October 31, 2021. The company also said it now expects fiscal year earnings of approximately $8.50 per share on revenue of $8.99 billion to $9.13 billion. The company's previous guidance was earnings of approximately $6.50 per share on revenue of $8.70 billion to $8.84 billion and the current consensus earnings estimate is $6.71 per share on revenue of $8.95 billion for the year ending January 31, 2022.
Entry Point: $112.25
Trading Range: $57.35 - $121.94
Stop Loss: $106.65
Target Price: $123.40
closed at $125
