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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:37 EDTPERY, RL, OXM, PVHPVH Corp. sinks after lowering profit outlook for FY14
Shares of apparel company PVH Corp. (PVH) are falling after the company reported worse than expected first quarter results and lowered its fiscal 2014 profit outlook. WHAT'S NEW: Last night, PVH Corp. reported Q1 earnings per share of $1.47 and revenue of $1.96B, missing estimates of $1.49 and $1.98B, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2014 EPS view to $7.30-$7.40 from $7.40 - $7.50, which is below analystsí consensus estimates of $7.51. PVH also guided FY14 revenue of $8.5B, in line with estimates of $8.5B. The company said it expects adjusted EPS for the second half of the year to increase 20%, with the majority of the growth coming in the fourth quarter. For the second quarter, the company forecast EPS of $1.40-$1.45, compared to analystsí consensus estimates of $1.48, and revenue of revenue $2B, in line with estimates. PVH Chairman and CEO Emanuel Chirico noted, "We believe our North American businesses will experience margin pressure in Q2" and said full year EPS guidance was lowered to reflect this. He added, "We will continue to make the previously planned strategic investments, particularly in the acquired Calvin Klein businesses, in order to unlock the full global potential of the Calvin Klein businesses over the long-term." PRICE ACTION: In late morning trading, PVH Corp. fell $9.12, or about 7%, to $121.59 on nearly three times its average daily trading volume. Despite today's pull back, the stock is up approximately 9% over the past 12 months. OTHERS TO WATCH: Shares of PVH peer Ralph Lauren (RL) are down nearly 1% to $153.88, while another apparel maker, Pery Ellis (PERY) is up almost 1% to $17.68.
News For PVH;RL;PERY;OXM From The Last 14 Days
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August 27, 2015
08:17 EDTPVHPVH Corp. should begin to see multiple expansion, says UBS
UBS noted PVH delivered another beat and raise quarter and now expects the company's multiple to expand. The firm cited improving revenues and organic earnings power. UBS reiterated its Buy rating and $132 price target on PVH Corp. shares.
08:13 EDTPVHPVH Corp. starting to see turn for CK brand, says Piper Jaffray
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August 26, 2015
20:03 EDTPVHOn The Fly: After Hours Movers
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16:12 EDTPVHPVH Corp. up 3.3% to $115.11 after Q2 results, guidance
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16:08 EDTPVHPVH Corp. sees Q3 adjusted EPS $2.45-$2.50, consensus $2.46
Revenue in the third quarter of 2015 is currently projected to increase approximately 3% on a constant currency basis (decrease approximately 3% on a GAAP basis) compared to the prior year's third quarter. It is currently projected that revenue for the Calvin Klein business in the third quarter will increase approximately 7% on a constant currency basis (increase 1% on a GAAP basis). Revenue for the Tommy Hilfiger business in the third quarter is currently expected to increase approximately 4% on a constant currency basis (decrease approximately 4% on a GAAP basis). Revenue for the Heritage Brands business in the third quarter is currently projected to decrease approximately 5% due in part to the closure of the Izod retail business. Q3 revenue consensus $2.19B.
16:06 EDTPVHPVH Corp. expects to generate about $450M of free cash flow in 2015
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16:06 EDTPVHPVH Corp. sees FY15 revenue up approximately 4% on constant currency basis
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16:05 EDTPVHPVH Corp. reports Q2 revenue by segment
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16:04 EDTPVHPVH Corp. raises FY15 adjusted EPS view to $6.90-$7.00 from $6.85-$6.95
FY15 consensus $6.92. Full Year 2015 EPS on a Non-GAAP and Constant Currency Basis is Currently Expected to Grow 12% to 14% Compared to Prior Year, Exceeding Previous Guidance of 11% to 12%.
16:02 EDTPVHPVH Corp. reports Q2 adjusted EPS $1.37, consensus $1.29
Reports Q2 revenue $1.864B, consensus $1.82B.
15:00 EDTPVHNotable companies reporting after market close
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13:30 EDTPVHPVH Corp. technical comments ahead of results
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07:17 EDTPVHPVH Corp. volatility elevated into Q2 and outlook
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August 25, 2015
09:09 EDTPERYPerry Ellis enters into new license agreement for Original Penguin brand
Perry Ellis International announced that it has entered into a new license agreement with Randa Accessories U.K. to design, manufacture and market men's luggage and associated travel bags under the Original Penguin brand in the United Kingdom and Ireland. The new luggage line will launch nationally and regionally in department stores and specialty luggage stores this Fall 2015.
August 24, 2015
07:47 EDTPVHPVH Corp. shares still poised to rise, says Deutsche Bank
Detusche Bank continues to believe that PVH's set-up into Q2 is positive. The firm thinks the company will benefit from several factors, including a CK jeans turnaround, an improvement in its EPS quality, and stable/improving comps. The firm keeps a $130 price target and Buy rating on the shares.
August 20, 2015
13:38 EDTPERYPerry Ellis upgraded to Buy from Underperform at BofA/Merrill
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07:18 EDTPERYPerry Ellis raises FY16 EPS view to $1.78-$1.85 from $1.68-$1.75
Consensus $1.73. Backs FY16 revenue guidance of $925M-$935M, consensus $930.48M.
07:16 EDTPERYPerry Ellis reports Q2 adjusted EPS 31c, consensus 0c
Reports Q2 revenue $213.3M, consensus $203.6M.
06:20 EDTRLRalph Lauren confirms launch of PoloTech smartshirt
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06:04 EDTRLRalph Lauren plans launch of wearable-tech shirt for men, WSJ reports
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