We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PVH (PVH) Stock Jumps 16.9%: Will It Continue to Soar?
Read MoreHide Full Article
PVH (PVH - Free Report) shares ended the last trading session 16.9% higher at $70.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.3% loss over the past four weeks.
The company is experiencing solid momentum in its iconic global brands, Calvin Klein and TOMMY HILFIGER. Its PVH+ Plan and expansion efforts also bode well. As a result, PVH’s earnings and sales exceeded the Zacks Consensus Estimate in fourth-quarter fiscal 2024. Investors’ positive reaction was also driven by a strong fiscal 2025 outlook. The company projected record profits for fiscal 2025, despite the ongoing macroeconomic challenges.
This owner of the Calvin Klein and Tommy Hilfiger brands is expected to post quarterly earnings of $2.25 per share in its upcoming report, which represents a year-over-year change of -8.2%. Revenues are expected to be $1.94 billion, down 0.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For PVH, the consensus EPS estimate for the quarter has been revised 7.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PVH going forward to see if this recent jump can turn into more strength down the road.
PVH belongs to the Zacks Textile - Apparel industry. Another stock from the same industry, Superior Group (SGC - Free Report) , closed the last trading session 10.6% higher at $10.46. Over the past month, SGC has returned -30.6%.
For Superior Group, the consensus EPS estimate for the upcoming report has changed -31.5% over the past month to $0.11. This represents a change of -54.2% from what the company reported a year ago. Superior Group currently has a Zacks Rank of #5 (Strong Sell).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PVH (PVH) Stock Jumps 16.9%: Will It Continue to Soar?
PVH (PVH - Free Report) shares ended the last trading session 16.9% higher at $70.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.3% loss over the past four weeks.
The company is experiencing solid momentum in its iconic global brands, Calvin Klein and TOMMY HILFIGER. Its PVH+ Plan and expansion efforts also bode well. As a result, PVH’s earnings and sales exceeded the Zacks Consensus Estimate in fourth-quarter fiscal 2024. Investors’ positive reaction was also driven by a strong fiscal 2025 outlook. The company projected record profits for fiscal 2025, despite the ongoing macroeconomic challenges.
This owner of the Calvin Klein and Tommy Hilfiger brands is expected to post quarterly earnings of $2.25 per share in its upcoming report, which represents a year-over-year change of -8.2%. Revenues are expected to be $1.94 billion, down 0.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For PVH, the consensus EPS estimate for the quarter has been revised 7.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PVH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
PVH belongs to the Zacks Textile - Apparel industry. Another stock from the same industry, Superior Group (SGC - Free Report) , closed the last trading session 10.6% higher at $10.46. Over the past month, SGC has returned -30.6%.
For Superior Group, the consensus EPS estimate for the upcoming report has changed -31.5% over the past month to $0.11. This represents a change of -54.2% from what the company reported a year ago. Superior Group currently has a Zacks Rank of #5 (Strong Sell).