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March 25, 2014
10:27 EDTGIII, PVH, GESG-III Apparel sinks after earnings forecast misses expectations
Shares of clothing maker and retailer G-III Apparel (GIII) are sinking after the company issued first quarter and FY15 guidance below analysts' consensus expectation. WHAT'S NEW: G-III Apparel reported fourth quarter earnings per share of 62c, which was above analysts' consensus of 49c. The company reported fourth quarter revenue of $472.8M, missing analysts' consensus forecast of $489.93M. The company said that it sees first quarter loss per share to be in the range of 10c to 20c while analysts were estimating a gain of 4c. G-III Apparel expects first quarter net revenues of approximately $346M, slightly above analysts' consensus of $345.63M. The company noted that its first quarter results will be negatively affected by its G.H. Bass & Co. acquisition. G-III Apparel project FY15 earnings per share in the range of $3.95-$4.10, which falls below analysts' consensus of $4.30. The company projects FY15 net sales of approximately $2.05B, trailing analysts' estimates of $2.1B. WHAT'S NOTABLE: During the company's fourth quarter earnings conference call, G-III Apparel said it will continue to look for acquisitions and feels that it is on the right path to continue to deliver value. PRICE ACTION: During morning trading, shares of G-III Apparel fell $3.51 or 4.71% to $70.95. OTHERS TO WATCH: Rival apparel makers include Guess (GES), and PVH Corp. (PVH).
News For GIII;PVH;GES From The Last 14 Days
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September 4, 2014
07:47 EDTPVHPVH Corp. price target raised to $170 from $150 at UBS
UBS raised its price target on PVH to $170 from $150 following its Q2 report, citing its improving trends, and margins and increased guidance. The firm keeps its Buy rating on the shares.
September 3, 2014
18:39 EDTPVHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Bazaarvoice (BV), up 8%... PVH Corp. (PVH), consensus 5.4%... Iteris (ITI), up 9.1%... H&R Block (HRB), up 1.5%. ALSO HIGHER: Bolt Technology (BOLT), up 34.8% following news that it will be acquired by Teledyne (TDY)... Tibco Software (TIBX), up 10% after announcing that it is reviewing strategic alternatives... Morgans Hotel (MHGC), up 5.1% after commenting on ongoing review of strategic alternatives. DOWN AFTER EARNINGS: Shoe Carnival (SCVL), down 7 .7%... AeroVironment (AVAV), down 5.9%. ALSO LOWER: Yum! Brands (YUM), down 3.9% after updating third quarter China division Same Store Sales guidance... Northstar Realty (NRF), down 2.3% after filing to sell 45M shares with a forward component.
16:10 EDTPVHPVH Corp. rises 5% to $122.52 after earnings beat expectations
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16:07 EDTPVHPVH Corp. sees Q3 EPS $2.45-$2.50, consensus $2.49
Sees Q3 revenue $2.25B, consensus $2.33B.
16:06 EDTPVHPVH Corp. backs FY14 EPS $7.30-$7.40, consensus $7.38
FY14 revenue is currently projected to be approximately $8.4B, consensus $8.47B.
16:05 EDTPVHPVH Corp. reports Q2 EPS $1.51, consensus $1.42
Reports Q2 revenue $1.98B, consensus $1.99B. Revenue increased 9% in the company’s Tommy Hilfiger business and 1% in the company’s Calvin Klein business. Revenue in the company’s Heritage Brands business was flat to the prior year excluding the $62M of 2013 Bass revenue and decreased 13% including such revenue.
15:29 EDTPVHNotable companies reporting after market close
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14:33 EDTPVHPVH Corp. technical commentary before earnings
In the prior three months the shares have underperformed the indexes, declining by over 10.5%. The trading range has largely been contained with $120 at the high and $110 at the low. Those two bounds can give us some clues as to how price may behave following earnings. If the news is more positive than expected, a test at $120 would be highly probable given the current price of shares at $116.82. Resistance above $120 would be at $123.39, the bottom of the bearish gap from early June, and then at $127.88, which was the top of that gap. If the news is worse than expected, a test down to $110 would be possible. Next support thereafter would be at the 52-week low at $107.05. If the news is bearish enough, a push below that 52-week low would be possible with next support at $103.30, a pivot low from April 2013. Short interest in the stock is low, which could exacerbate the price reaction to negative news.
13:54 EDTGIIIG-III Apparel price target raised to $100 from $92 at Wunderlich
Wunderlich raised its FY15 and FY16 EPS estimates for G-III Apparel following its Q2 report and the firm said it views the company's guidance as conservative. Wunderlich maintains its Buy rating on G-III and increased its price target on the stock to $100 from $92.
11:07 EDTGESOptions with decreasing implied volatility
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09:15 EDTGIIIOn The Fly: Pre-market Movers
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07:12 EDTGIIIG-III Apparel says 'well-positioned' for acquisition opportunities
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07:11 EDTGIIIG-III Apparel ups FY15 EBITDA view to $174M-$179.4M
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07:09 EDTGIIIG-III Apparel sees Q3 EPS $2.75-$2.90, consensus $3.14
Sees Q3 revenue $805M, consensus $791.53M. The revised Q3 guidance includes 21c of dilution from the impact of our recent sale of 1,725,000 shares in a public offering completed in June of this year. Net income in 3Q14 included expenses of approximately $1M, equal to 3c per diluted share, associated with the company’s acquisition of G.H. Bass & Co. and other potential transactions.
07:08 EDTGIIIG-III Apparel raises FY15 revenue view to $2.11B from $2.06B
FY15 revenue consensus $2.07B. The revised guidance includes 16cof dilution from the impact of our recent sale of 1,725,000 shares in a public offering completed in June of this year.
07:06 EDTGIIIG-III Apparel lowers FY15 EPS view to $4.00-$4.15 from $4.05-$4.20
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07:05 EDTGIIIG-III Apparel reports Q2 EPS 29c, consensus 16c
Reports Q2 revenue $424M, consensus $390.98M.
September 2, 2014
15:32 EDTGIIINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Toll Brothers (TOL), consensus 45c; Navistar (NAV), consensus (66c); G-III Apparel (GIII), consensus 16c; Vince Holding (VNCE), consensus 24c; Dorian LPG (LPG), consensus 1c.
14:33 EDTGIIIG-III Apparel technical comments ahead of results
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11:08 EDTGESOptions with decreasing implied volatilit
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