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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:37 EDTPVH, RL, PERY, OXMPVH 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
Check below for free stories on PVH;RL;PERY;OXM the last two weeks.
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August 31, 2014
13:33 EDTPVHGoldman to hold a conference
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August 29, 2014
06:23 EDTPVHPVH September volatility elevated into Q2 and outlook
PVH September call option implied volatility is at 30, October is at 26, December is at 24; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q2 on September 4.
August 28, 2014
07:54 EDTPERYPerry Ellis turnaround underway, says Benchmark Co.
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August 27, 2014
09:53 EDTOXMOn The Fly: Analyst Initiation Summary
Bristol-Myers (BMY) initiated with a Hold at Deutsche Bank... ASML (ASML) initiated with a Hold at Stifel... Akamai (AKAM) initiated with an Outperform at RW Baird... Concur (CNQR) initiated with a Neutral at DA Davidson... CyrusOne (CONE) initiated with a Neutral at Citigroup... Eli Lilly (LLY) initiated with a Buy at Deutsche Bank... Garmin (GRMN) initiated with a Neutral at RW Baird... Merck (MRK) initiated with a Hold at Deutsche Bank... NetSuite (N) initiated with a Buy at DA Davidson... Oracle (ORCL) initiated with a Neutral at DA Davidson... Oxford Industries (OXM) initiated with a Buy at Wunderlich... Pfizer (PFE) initiated with a Buy at Deutsche Bank... ServiceNow (NOW) initiated with a Buy at DA Davidson... Workday (WDAY) initiated with a Neutral at DA Davidson... MannKind (MNKD) initiated with a Buy at Jefferies... STMicroelectronics (STM) initiated with an Underperform at Credit Suisse... Kirkland's (KIRK) initiated with an Outperform at Barrington.
06:20 EDTOXMOxford Industries initiated with a Buy at Wunderlich
Target $72.
August 22, 2014
10:01 EDTPERYOn The Fly: Analyst Downgrade Summary
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07:18 EDTPERYPerry Ellis downgraded at KeyBanc
As previously reported, KeyBanc downgraded Perry Ellis to Hold from Buy. The firm cites valuation for the downgrade and believes it reflects stabilization and early signs of improvement.
August 21, 2014
07:34 EDTPERYPerry Ellis narrows FY15 EPS view to 85c-95c from 80c-95c, consensus 91c
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07:32 EDTPERYPerry Ellis reports Q2 adjusted EPS (8c), consensus (12c)
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August 20, 2014
15:26 EDTPERYNotable companies reporting before tomorrow's open
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08:21 EDTPERYPerry Ellis management to meet with Benchmark
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