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PVH(PVH, $82.66) posts Q4 earnings
Clothing company PVH Corp reported its fourth quarter earnings, that experienced a rebound from the year-ago quarter's losses.
PVH Corp.’s fourth quarter earnings on a GAAP basis were $5.53 dollars per share for the fourth quarter compared to a loss per share of -81 cents in the year-ago quarter. On a non-GAAP basis, earnings were $2.84 per share compared to a loss per share of -38 cents in the prior year period.
Fourth quarter revenue at PVH Corp. increased +16% from the year-ago quarter (or +20% on a constant currency basis) to $2.430 billion.
The company’s revenue in its Tommy Hilfiger business increased +18% year-over-year (or +23% on a constant currency basis). That includes a +20% increase (or 26% on a constant currency basis) in Tommy Hilfiger international revenue, and a +14% increase in Tommy Hilfiger North America revenue.
Calvin Klein business revenue saw a +27% year-over-year increase (or a +30% increase on a constant currency basis), which includes + 24% (or +30% increase on a constant currency basis) in Calvin Klein international revenue and a +32% increase in Calvin Klein North America revenue.
However, the company’s Heritage Brands business experienced a -33% decrease in the compared to the prior year period, which included a -51% year-over-year decrease resulting from the Heritage Brands transaction and the exit from the Heritage Brands retail business.
For the full-year 2021, PVH revenue increased +28% (or +26% in constant currency) to $9.15 billion dollars compared to 2020. Earnings per share on a GAAP basis were $13.25 for 2021 compared to a loss per share of -$15.96 in 2020. Earnings per share on a non-GAAP basis were $10.15 a share compared to a loss per share of -$1.97 dollars in 2020.
Looking ahead, the company projects 2022 revenue to increase +2% to +3% (or increase +6% to +7 % on a constant currency basis as compared to 2021.
It is expecting 2022 operating margin to be approximately 10 percent, and earnings per share will be approximately $9 compared to $13.25 on a GAAP basis and $10.15 on a non-GAAP basis in 2021.
The company forecasts that first quarter 2022 earnings per share will be in a range of $1.55 to $1.60 compared to $1.38 dollars on a GAAP basis and 1.92 dollars on a non-GAAP basis in the prior year period. Revenue in the first quarter of 2022 is expected to be relatively flat and increase approximately +4% on a constant currency basis.
PVH's RSI Oscillator recovers from oversold territory
The RSI Indicator for PVH moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 20 of the 24 cases the stock moved higher. This puts the odds of a move higher at 83%.
Current price $66.97 crossed the resistance line at $82.90 and is trading between $82.90 resistance and $55.47 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -17% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -0.04%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +5.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where PVH advanced for three days, in 227 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
PVH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on PVH as a result. In 53 of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 66%.
The Moving Average Convergence Divergence Histogram (MACD) for PVH turned negative on April 27, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In 28 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 61%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PVH declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 66%.
The Aroon Indicator for PVH entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 75%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.32.
The Tickeron SMR rating for this company is 11 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 55 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.868) is normal, around the industry mean (2.974). P/E Ratio (5.128) is within average values for comparable stocks, (65.931). Projected Growth (PEG Ratio) (0.591) is also within normal values, averaging (1.551). Dividend Yield (0.001) settles around the average of (0.038) among similar stocks. P/S Ratio (0.534) is also within normal values, averaging (1.743).
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating steady price growth. PVH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 99 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PVH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.
The average market capitalization across the Apparel/Footwear Industry is 5.1B. The market cap for tickers in the group ranges from 1.7K to 177.9B. NKE holds the highest valuation in this group at 177.9B. The lowest valued company is SQBGQ at 1.7K.
The average weekly price growth across all stocks in the Apparel/Footwear Industry was -0.29%. For the same Industry, the average monthly price growth was -9.18%, and the average quarterly price growth was -15.37%. IBGR experienced the highest price growth at 11.36%, while DRCR experienced the biggest fall at -38.08%.
- 4/15/22 4:35 AM: PVH (PVH, $79.34) was a top weekly gainer, with a +10.84% jump
- 3/30/22 5:32 AM: PVH (PVH, $88.48) was a top weekly gainer, with a +8.51% jump
- 3/22/22 5:13 AM: PVH (PVH, $81.25) was a top weekly gainer, with a +12.1% jump
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -27.52%. For the same stocks of the Industry, the average monthly volume growth was 117.56% and the average quarterly volume growth was 166.51%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 39%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.59.
12 stocks in the group of tickers exhibit a similar negative trend based on the MA50MA10 indicator with an average likelihood of 75%.
The most notable companies in this group are Nike (NYSE:NKE), VF Corp (NYSE:VFC), Capri Holdings Limited (NYSE:CPRI), Skechers USA (NYSE:SKX), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).
The average market capitalization across the group is 6.7B. The market cap for tickers in the group ranges from 430.6K to 177.9B. NKE holds the highest valuation in this group at 177.9B. The lowest valued company is SAML at 430.6K.
The average weekly price growth across all stocks in the group was -0.73%. For the same group, the average monthly price growth was -11.93%, and the average quarterly price growth was -10.02%. JRSH experienced the highest price growth at 9.32%, while FIGS experienced the biggest fall at -26.02%.
- 5/11/22 7:46 AM: RYU Apparel (RYPPF, $0.05) was a top loser this week, declining -22.2%. Expect a Downtrend reversal
- 5/4/22 8:26 AM: Crocs (CROX, $70.44) was a top weekly gainer, with a +8.34% jump
- 5/3/22 8:18 AM: American Rebel Holdings (AREB, $1.25) was a top weekly gainer, with a +9.64% jump
The average weekly volume growth across all stocks in the group was 429.55%. For the same stocks of the group, the average monthly volume growth was 320.46% and the average quarterly volume growth was 285.07%
- 5/11/22 7:39 AM: The volume for Hennes & Mauritz AB stock increased for one day, resulting in a record-breaking daily growth of 209% of the 65-Day Volume Moving Average
- 4/14/22 4:48 AM: The volume for Hennes & Mauritz AB stock increased for one day, resulting in a record-breaking daily growth of 617% of the 65-Day Volume Moving Average
- 4/6/22 8:45 AM: The volume for Oxford Industries stock increased for four consecutive days, resulting in a record-breaking daily growth of 64% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Nike (NYSE:NKE), VF Corp (NYSE:VFC), Capri Holdings Limited (NYSE:CPRI), Skechers USA (NYSE:SKX), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).
Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.
The average market capitalization across the Apparel/Footwear Industry is 5.1B. The market cap for tickers in the group ranges from 1.7K to 177.9B. NKE holds the highest valuation in this group at 177.9B. The lowest valued company is SQBGQ at 1.7K.
The average weekly price growth across all stocks in the Apparel/Footwear Industry was -0.27%. For the same Industry, the average monthly price growth was -9.16%, and the average quarterly price growth was -15.3%. TALN experienced the highest price growth at 22.22%, while FIGS experienced the biggest fall at -26.02%.
- 5/11/22 7:46 AM: RYU Apparel (RYPPF, $0.05) was a top loser this week, declining -22.2%. Expect a Downtrend reversal
- 5/4/22 8:26 AM: Crocs (CROX, $70.44) was a top weekly gainer, with a +8.34% jump
- 5/3/22 8:18 AM: American Rebel Holdings (AREB, $1.25) was a top weekly gainer, with a +9.64% jump
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -71.32%. For the same stocks of the Industry, the average monthly volume growth was -51.82% and the average quarterly volume growth was -40.23%
- 5/11/22 7:39 AM: The volume for Hennes & Mauritz AB stock increased for one day, resulting in a record-breaking daily growth of 209% of the 65-Day Volume Moving Average
- 4/14/22 4:48 AM: The volume for Hennes & Mauritz AB stock increased for one day, resulting in a record-breaking daily growth of 617% of the 65-Day Volume Moving Average
- 4/6/22 8:45 AM: The volume for Oxford Industries stock increased for four consecutive days, resulting in a record-breaking daily growth of 64% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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