Why PVH (PVH) Stock Is Gaining Today In After-Hours Trading

NEW YORK (TheStreet) -- Shares of PVH Corp  (PVH) are gaining 5.44% to $123.50 in after-hours trading today after the apparel company reported fiscal second quarter non-GAAP earnings of $1.51 per share, compared to $1.39 in the same quarter of 2013, and beating the $1.42 analysts' estimate.

Watch the video below for more on PVH's latest quarterly results:

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PVH, which owns the Calvin Klein and Tommy Hilfiger clothing brands, posted a 4% increase in revenue to $1.98 billion from a year ago, but slightly below the $1.99 billion analysts estimated.

The company also announced a quarterly dividend of 3.75 cents per share, scheduled for September 18, which represents 15 cents of annualized dividend and a dividend yield of 0.13%. 

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Separately, TheStreet Ratings team rates PVH CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PVH CORP (PVH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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