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Friday, January 21, 2022

PVH Corp. (PVH) Stock is Soaring, Here is Why

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Many stocks have been testing new highs in 2020, and one of the most notable is PVH Corp. (PVH). Currently, PVH is trading at $69.46 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $51.95.

To add more color to this target, the company’s high over the last year is $108.06 and the low is $28.40. Over the last 52 weeks, PVH is down -35.72% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PVH reported a profit of $1.4 billion. PVH Corp. also saw revenues increase to $2.6 billion. In addition, PVH has free cash flow of $675.1 million as of 01-2020 The company’s EBITDA came in at $99.5 million which compares well with its peers.

PVH booked profit margins of 4.20%, its Return on Equity (ROE) is 7.10%, and its Return on Assets is 3.00%. All told, it is clear that, PVH needs to be on your watchlist.

About PVH Corp.

If readers are unfamiliar, PVH Corp. operates as an apparel company in the United States and internationally. 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 and women’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, outerwear, luggage products, swimwear, swim products, handbags, accessories, footwear, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, bath products, cosmetics, furnishings, small leather goods, accessories, 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.; and licensed brands comprising Speedo, Kenneth Cole New York, Kenneth Cole Reaction, Unlisted, a Kenneth Cole Production, MICHAEL Michael Kors, Michael Kors Collection, DKNY, and Chaps, as well as various other 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 specialty and outlet stores, as well as through digital commerce sites. PVH Corp. was founded in 1881 and is based in New York, New York.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PVH has a short ratio of 2.06 and outstanding shares of 73.00M.

Company Outlook

PVH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.82 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.55. PVH Corp. PVH also noted assets of $13.63 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PVH has historically followed its peers on positive news.

All told, PVH Corp. PVH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PVH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

PVH Corp. PVH is now commanding a market cap of 5.07B and a float of 70.15M. PVH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PVH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PVH, either long or short, and we have not been compensated for this article.

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