This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Luxury Goods Stocks for Santa Claus Rally

2. PVH (PVH - Get Report) is one of the world's largest apparel companies. It owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world's largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co.

For the third quarter of fiscal 2011, PVH reported revenue of $1.65 billion, up 9% from the same quarter prior year. EBITA rose 5% to $227.3 million. Net income stood at $112.2 million, up 12.4%; EPS increased by 10.8%.

Tommy Hilfiger's business grew 17%, while Calvin Klein saw an 11% surge in sales.

For fiscal year 2011, PVH anticipates revenue growth of 26% to over $5.8 billion and non-GAAP earnings per share to increase by 23%.

Of the 15 analysts covering the stock, 80% recommend a buy and the rest suggest a hold. Analysts' average 12-month price target for the stock is $84.00, about 22.8% higher than the current price, according to Bloomberg.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LTD $0.00 0.00%
PVH $103.74 0.00%
COH $42.40 0.00%
EL $82.82 0.00%
PERY $24.55 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs