(PVH) Phillips-Van Heusen Corporation – Higher Estimates on a Surging Share Price

November 14th, 2009

Phillips-Van Heusen Corp. (PVH) is seeing higher forecasts ahead of reporting third-quarter results next week. The full-year Zacks Consensus Estimate of $2.49 per share was increased from last month’s $2.46.

Company Description

Phillips-Van Heusen Corp. is a global designer and marketer of branded dress shirts, sportswear footwear and other similar products, offering several well-known brands. Calvin Klein , Izod, Bass and DKNY are just a few of the company’s brands.

The company grants licensing rights to its brands and holds key licenses to brands in the dress shirts, neckwear, and sportswear segments.

Higher Estimates on a Surging Share Price

Phillips-Van Heusen Corp. is seeing higher forecasts ahead of reporting third-quarter results next week. The full-year Zacks Consensus Estimate of $2.49 per share was increased from last month’s $2.46. The most accurate forecast is higher at $2.57.

For the following year, the Zacks Consensus Estimate of $2.88 per share was increased from last month’s $2.83. The most accurate projection of $3.04 is even more bullish.

For the third-quarter, analysts polled by Zacks are calling for earnings of 89 cents per share, up from last month’s 87 cents. The most accurate estimate of 93 cents is higher.

The third-quarter report is scheduled for release on November 19.

Shares, which are trading near a 52-week high, have outpaced the market by more than 100 over the past year.

Strong Fundamentals

Phillips-Van Heusen’s return on equity (ROE) of 13% beats the industry’ average of 10%. The company’s net profit margin of 2.8% compares to the industry’s 2.5%. The Growth and Income pick offers an industry-leading dividend yield of 0.35%.

Zacks Investment Research

More on this topic (What's this?)
PVH Corp. Dives on Revised Guidance (Phil’s Stock World, 1/11/12)
Intra-day action (AlphaNinja, 3/15/10)
PVH Sounds A Cautious 2012 Tone; Shares Slip (Phil’s Stock World, 1/11/12)
Earnings Recap: Phillips Van Heusen (PVH), Longtop Financial (LFT), Yingli Green Energy (YGE) (Wall St. Cheat Sheet, 5/25/10)
Read more on Phillips-Van Heusen at Wikinvest

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