PVH (Update)

PVH Corp.

Consumer


Presented:01/07/2015
Price:$119.97
Cap:$9.89B
Current Price:$97.43
Cap:$5.44B

Presented

Date01/07/2015
Price$119.97
Market Cap$9.89B
Ent Value$13.28B
P/E Ratio27.99x
Book Value$55.60
Div Yield0.1%
Shares O/S82.45M
Ave Daily Vol910,000
Short Int1.77%

Current

Price$97.43
Market Cap$5.44B
PVH Corp. operates as an apparel company in the United States and internationally. It is engaged in the design, marketing, and retail of branded dress shirts, neckwear, sportswear, swim products, footwear, athletic apparel, body wear, eyewear, sunwear, watches, handbags, men’s tailored clothing, men’s dress furnishings, accessories, women’s dresses and suits, women’s performance apparel, golf apparel, hosiery, socks, small leather goods, fragrances, home and bedding products, bathroom accessories, and luggage. The company offers its products under its own brands, such as Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga, and Eagle; licensed brands comprising Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J. Trump Signature Collection, DKNY, Elie Tahari, Nautica, Ted Baker, J. Garcia, Claiborne, Robert Graham, U.S. POLO ASSN., Ike Behar, Axcess, Jones New York, and John Varvatos; and trademarks, as well as various other licensed and private label brands. It also licenses its own brands over a range of products. The company distributes its products at wholesale in department, chain, specialty, mass market, club, off-price, and independent stores; and through company-operated full-price specialty and outlet stores, as well as through e-commerce Websites. PVH Corp. was founded in 1881 and is based in New York, New York.

Please note, this is an update to Long – PVH Corp (PVH), which was originally presented on 9/12/2013 ($123).

Publicly traded companies mentioned herein: PVH Corp. (PVH), Ralph Lauren Corp (RL), VF Corp (VFC)

Highlights

Much of the story remains the same with PVH Corp (PVH), said the presenter. Shares are flat y-o-y at ~$117, and he remains long the stock. The Warnaco deal that made so much sense has taken longer than anticipated to contribute, as the business was in worse shape than anticipated and peeling back off-price distribution and getting all of the pieces of the network/ distribution channels lined up takes time.

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Idea Discussion

Commentor 1 - 2 weeks ago

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