(PVH) Phillips-Van Heusen – Analysts Estimate 22.3% Earnings Growth

May 3rd, 2010

Phillips-Van Heusen Corp. (PVH) is a Zacks #2 Rank stock that trades at a reasonable 18.3x fiscal 2011 consensus estimates and 14.7x fiscal 2012 consensus estimates.

Analysts estimate that Phillips-Van Heusen will grow its earnings per share 22.3% in fiscal 2011, 24.3% in fiscal 2012, and 10.1% per year for the next three to five years.

The stock also offers a dividend yield of 0.2%.

Business

Phillips-Van Heusen Corp. is a global designer and marketer of branded apparel. PVH has strong portfolio of brands including Calvin Klein, Izod, Bass, and DKNY.

Hilfiger Acquisition

On March 15, PVH announced that was acquiring the Tommy Hilfiger brand for $3 billion in cash and stock Incorporatedreasing PVH’s share of the menswear market in U.S. department stores.

PVH expects the Hilfiger deal to add $0.20 to $0.25 per share to its earnings this year and $0.75 to $1.00 per share next year.

Estimates Are Trending Higher

In the last month, the Zacks Consensus Estimate for fiscal 2011 is up 5 cents, or 1.5%, to $3.45, while the Zacks Consensus Estimate for fiscal 2012 is up 8 cents, or 1.9%, to $4.29.

The company is scheduled to report fiscal Q1 results on May 19.

Zacks Investment Research

More on this topic (What's this?)
Philips-Van Heusen Falls on Dingy Outlook (Wall Street Sector Selector, 5/25/10)
Intra-day action (AlphaNinja, 3/15/10)
Earnings Recap: Phillips Van Heusen (PVH), Longtop Financial (LFT), Yingli Green Energy (YGE) (Wall St. Cheat Sheet, 5/25/10)
PVH Corp. Dives on Revised Guidance (Phil’s Stock World, 1/11/12)
Read more on Phillips-Van Heusen at Wikinvest

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