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PVH

PVH Corp.

$85.19

0.72 (0.85%)

, GIII

G-III Apparel

$25.71

-1.24 (-4.60%)

07:05
06/03/19
06/03
07:05
06/03/19
07:05

PVH Corp., G-III Apparel enter licensing agreement in U.S, Canada

PVH Corp. (PVH) and G-III Apparel (GIII) announced that PVH's Calvin Klein, Inc., or CKI, subsidiary and G-III have entered into a license agreement with an initial term of five years for the design, production and distribution of Calvin Klein Jeans women's jeanswear collections in the United States and Canada. "This business is in addition to the other women's Calvin Klein businesses that are already licensed to G-III by CKI. The arrangement will support PVH's strategy to build a successful women's jeanswear business in North America by leveraging G-III's category and market expertise." The launch of G-III's first women's Calvin Klein Jeans collection is expected for the spring 2020 season.

PVH

PVH Corp.

$85.19

0.72 (0.85%)

GIII

G-III Apparel

$25.71

-1.24 (-4.60%)

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    Jun

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    Jul

PVH PVH Corp.
$85.19

0.72 (0.85%)

05/30/19
JPMS
05/30/19
NO CHANGE
Target $120
JPMS
Overweight
PVH Corp. price target lowered to $120 from $139 at JPMorgan
JPMorgan analyst Matthew Boss lowered his price target for PVH Corp. to $120 from $139 following the company's Q1 results but keeps an Overweight rating on the shares. The analyst does not view the results and guidance as a "model game-changer."
05/30/19
WELS
05/30/19
NO CHANGE
Target $120
WELS
Outperform
PVH Corp. price target lowered to $120 from $140 at Wells Fargo
Wells Fargo analyst Ike Boruchow lowered his price target for PVH Corp. to $120 from $140 following Q1 results. While business was largely in-line with plan, ongoing CK weakness, FX pressure and new tariff headwinds all drove management to revise EPS guidance slightly lower for the fiscal year, the analyst notes. The analyst reiterates an Outperform rating on the shares as he continues to see a "compelling" risk/reward at current levels.
05/31/19
NOMU
05/31/19
NO CHANGE
Target $98
NOMU
Neutral
PVH Corp. price target lowered to $98 from $125 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel lowered his price target for PVH Corp. to $98 from $125 saying the company's Q1 results further validate that the optimism of 2018 has been replaced with a return to promotions and inventory growth across the channel. The shares are clearly "cheap," but "cheap stocks remain out of fashion at present," Siegel tells investors in a research note. He keeps a Neutral rating on PVH Corp.
05/31/19
DADA
05/31/19
NO CHANGE
Target $105
DADA
Buy
PVH Corp price target lowered to $105 from $150 at DA Davidson
DA Davidson analyst John Morris lowered his price target on PVH to $105 after its cut to FY19 earnings outlook and below-consensus Q2 guidance. The analyst notes that the first half of FY19 has been hamstrung by macro headwinds, including "weak tourist traffic in the U.S., the slow start to Spring, Brexit issues, and softness in China", but believes that some recovery in the second half could be expected given the momentum of Tommy Hilfiger coming out of Q1. Morris keeps his Buy rating on PVH Corp and cites some of its tailwinds that include strong order books for both Tommy Hilfiger and Calvin Klein, easier comparisons next to last year's CK's "denim missteps", and deeper brand penetration.
GIII G-III Apparel
$25.71

-1.24 (-4.60%)

05/14/19
PIPR
05/14/19
DOWNGRADE
Target $35
PIPR
Neutral
G-III Apparel downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Erinn Murphy downgraded G-III Apparel to Neutral from Overweight and lowered her price target for the shares to $35 from $43. The company produces a large amount of its goods in China, Murphy tells investors in a research note. The analyst reduced her estimates based on existing tariffs in place, which she sees impacting G-III Apparel's second half earnings. The company's exposure to China and the recently proposed tariffs to the apparel/footwear categories will weigh on its multiple, says Murphy.
05/14/19
PIPR
05/14/19
DOWNGRADE
Target $32
PIPR
Neutral
Steven Madden downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Erinn Murphy downgraded Steven Madden (SHOO) to Neutral from Overweight and lowered her price target for the shares to $32 from $38. The company produces a large amount of its goods in China, Murphy tells investors in a research note. The analyst reduced her estimates based on the existing tariffs in place, which she sees impacting Steven Madden's second half earnings. The company's exposure to China and the recently proposed tariffs to the apparel/footwear categories will weigh on its multiple, says Murphy. The analyst also downgraded G-III Apparel (GIII) this morning for a similar rationale.
05/14/19
COWN
05/14/19
NO CHANGE
COWN
Skechers, G-III among apparel names with outsized tariff risk, says Cowen
Cowen analyst John Kernan said 34% of apparel and about 70% of footwear imported into the U.S. come from China, adding that 25% tariffs on apparel and footwear will create "major disruption" at a time when companies are already facing accelerating disruption from technology and Amazon (AMZN). The analyst, who thinks diversifying from China sourcing will be slow, said he views Skechers (SKX), G-III Apparel (GIII), Carter's (CRI), PVH Corp. (PVH) and Ralph Lauren (RL) as among the apparel stocks with outsized EPS risk. He added that he thinks companies like Under Armour (UAA), that may have lower than sector average exposure to China sourcing but also have lower EBIT margins, as faced with greater sensitivity to higher cost of goods.
05/14/19
05/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Solid Biosciences (SLDB) downgraded to Underperform from Neutral at Credit Suisse, to Sell from Neutral at Goldman Sachs, and to Neutral from Buy at Chardan. 2. Shopify (SHOP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex citing his view that the stock is not deserving of the same multiple as high-growth U.S. 3. Deere (DE) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan saying she sees "rapidly deteriorating" fundamentals in U.S. agriculture. 4. G-III Apparel (GIII) and Steven Madden (SHOO) downgraded to Neutral from Overweight at Piper Jaffray. 5. Insys Therapeutics (INSY) downgraded to Neutral from Buy at Janney Montgomery Scott. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BKU

BankUnited

$33.94

-0.08 (-0.24%)

06:49
10/23/19
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BankUnited reports Q3 EPS 77c, consensus 71c »

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CMC

Commercial Metals

$18.92

0.47 (2.55%)

06:48
10/23/19
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Commercial Metals reports Q4 adj. EPS 76c, consensus 70c »

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SNAP

Snap

$14.00

-0.58 (-3.98%)

06:48
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AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:47
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AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:46
10/23/19
10/23
06:46
10/23/19
06:46
Earnings
Avery Dennison narrows FY19 adj. EPS view to $6.50-$6.60 from $6.50-$6.65 

FY19 consensus $6.52.

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  • 23

    Oct

AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:45
10/23/19
10/23
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Earnings
Avery Dennison reports Q3 adjusted EPS $1.66, consensus $1.61 »

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General news
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FB

Facebook

$182.27

-7.55 (-3.98%)

06:44
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06:44
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Facebook analyst commentary  »

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CISN

Cision

$10.08

1.63 (19.29%)

06:42
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10/23
06:42
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06:42
Downgrade
Cision rating change  »

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  • 19

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TXN

Texas Instruments

$128.61

-2.32 (-1.77%)

06:41
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06:41
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Texas Instruments analyst commentary  »

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CPF

Central Pacific

$29.49

0.305 (1.05%)

06:40
10/23/19
10/23
06:40
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06:40
Earnings
Central Pacific reports Q3 EPS 51c, consensus 49c »

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  • 23

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    Nov

CAT

Caterpillar

$133.69

1.47 (1.11%)

06:39
10/23/19
10/23
06:39
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06:39
Earnings
Cat Financial reports Q3 revenue $748M, up 2% vs. last year »

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  • 23

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VZ

Verizon

$60.80

0.06 (0.10%)

06:39
10/23/19
10/23
06:39
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Hot Stocks
Verizon and Corning partnering in 5G technology for factory automation »

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LMT

Lockheed Martin

$373.76

0.6 (0.16%)

06:37
10/23/19
10/23
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06:37
Hot Stocks
Lockheed Martin awarded Air Force ICBM contract »

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SSI

Stage Stores

$2.24

0.09 (4.19%)

, AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

06:37
10/23/19
10/23
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06:37
Hot Stocks
Stage Stores announces in-store package pick-up with Amazon Hub Counter »

Stage Stores (SSI)…

SSI

Stage Stores

$2.24

0.09 (4.19%)

AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

03/08/13
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MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:36
10/23/19
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MarketAxess raises 2019 CapEx view to $31M-$33M from $25M-$30M »

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  • 23

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:36
10/23/19
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Caterpillar says decline in sales driven mainly by dealer inventory decrease »

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  • 23

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LTXB

LegacyTexas Financial

$44.04

0.22 (0.50%)

06:36
10/23/19
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Earnings
LegacyTexas Financial reports Q3 EPS 90c, consensus 83c »

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  • 28

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ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:35
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Alexion CEO says 'delivered another record performance' in Q3 »

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  • 23

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:35
10/23/19
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Hot Stocks
Prosperity Bancshares raises dividend by 12.2% to 46c per share »

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  • 23

    Oct

MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:35
10/23/19
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Earnings
MarketAxess reports Q3 EPS $1.42, consensus $1.39 »

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  • 23

    Oct

BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Boston Scientific narrows FY19 adjusted EPS view to $1.55-$1.58 from $1.54-$1.58 »

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  • 23

    Oct

  • 13

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Caterpillar cuts FY19 EPS view to $10.90-$11.40 from 'low end' of $12.06-$13.06 »

Consensus $11.70. Both…

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  • 23

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  • 04

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:34
10/23/19
10/23
06:34
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06:34
Earnings
Prosperity Bancshares reports Q3 EPS $1.19, consensus $1.18 »

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  • 23

    Oct

HRI

Herc Holdings

$47.02

-0.295 (-0.62%)

06:34
10/23/19
10/23
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Hot Stocks
Breaking Hot Stocks news story on Herc Holdings »

Herc Holdings raises 2019…

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