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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:37 EDTRL, OXM, PVH, PERYPVH 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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November 20, 2014
14:09 EDTPERYPerry Ellis price target raised to $30 from $25 at Wunderlich
Wunderlich raised Perry Ellis' price target to $30 and increased estimates after the Q3 report and guidance. The analyst is believes the company will deliver top-line growth and solid margin expansion throughout the year, which will support multiple expansion and increased investor confidence.
13:03 EDTPERYPerry Ellis says interests aligned with those of all shareholders
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07:37 EDTPERYPerry Ellis sees FY15 adjusted EPS 85c-95c, consensus 94c
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07:36 EDTPERYPerry Ellis reports Q3 adjusted EPS 3c, consensus 6c
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07:19 EDTPERYPerry Ellis approached by 'at least' two buyers, including Iconix, NY Post says
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November 19, 2014
15:31 EDTPERYNotable companies reporting before tomorrow's open
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November 18, 2014
16:01 EDTPERYCalSTRS, Legion Partners urge Perry Ellis to evaluate strategic alternatives
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November 14, 2014
13:23 EDTPERYPerry Ellis recently approached about takeover by Sequential Brands, WSJ says
Perry Ellis (PERY) was recently approached about a takeover by Sequential Brands (SQBG), according to The Wall Street Journal, citing people familiar with the matter. The Fly notes that TheStreet reported this morning that Perry Ellis has been interviewing banks, including Peter J. Solomon and BofA Merrill Lynch, to advise on its next steps. On July 17, Legion Partners reported a 5.9% stake in Perry Ellis and called on the company's board to "undertake a thorough review of all strategic alternatives." Perry Ellis shares are up 1% to $23.17 in afternoon trading. Reference Link
12:40 EDTPERYPerry Ellis recently approached about takeover by Sequential Brands, WSJ says
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09:54 EDTPERYPerry Ellis talking with bankers on next move, TheStreet says
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November 13, 2014
09:04 EDTPERYPerry Ellis announces licensing partnership for Laundry by Shelli Segal brand
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November 11, 2014
12:01 EDTPERYPerry Ellis downgraded to Hold from Buy at Standpoint Research
November 10, 2014
09:07 EDTPERYPerry Ellis announces luggage partnership with UGA Fashion
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