Earnings Preview: Phillips-Van Heusen Corporation (PVH)
Phillips-Van Heusen Corporation (NYSE: PVH) is set to report earnings after the bell, and analysts are looking for EPS of 54 cents per share, on revenues of $1.09 billion.
Phillips-Van Heusen Corporation designs and markets branded dress shirts, neckwear, sportswear, footwear, and other related products worldwide.
PVH is one of the major companies in men's business apparel, specializing in dress shirts and ties. The company houses such brands as Calvin Klein, Donald Trump, DKNY, Tommy Hilfiger, and IZOD, to go along with its namesake brands.
The company competes with VF Corporation (NYSE: VFC) and Ralph Lauren (NYSE: RL) for this market.
Shares of Phillips-Van Heusen have performed fairly well this year, gaining approximately 20% since the beginning of January. Shares had spiked in late April after the company acquired the Tommy Hilfiger brand for just over $3 billion.
Since then, shares have dropped considerably, dropping from a high of $68.18 on April 23, to $50.60 where it is currently trading.
Out of the 13 brokers who cover the company, the majority rank them at a Buy or Strong Buy, and have an average price target of approximately $65 per share, far higher than where shares are currently trading.
