PVH Corp (NYSE:PVH) has been losing investors’ confidence due to persistent softness at its Calvin Klein business. Additionally, the company issued a dull earnings view for both second-quarter and fiscal 2019. Per management, the tough and volatile macroeconomic environment continued into the fiscal second quarter along with soft U.S. and China retail environment, which further affected investors’ sentiments.
Consequently, shares of this Zacks Rank #4 (Sell) company have lost 21.6% in the past three months against the industry’s 0.9% growth.
Apparently, PVH Corp’s Tommy Hilfiger brand is consistently experiencing solid momentum and market share gains for the last few quarters. In first-quarter fiscal 2019, the brand’s performance remained sturdy owing to a stellar performance in Europe and comps growth of 9%.
PVH Corp has also been experiencing robust momentum in international business, mainly backed by strong growth in Europe. Improved trends in the company’s North American business, especially the wholesale unit, are also contributing to the results. Impressively, the company’s digital channel witnessed revenue growth of more than 20% at its owned and operated businesses.
3 Stocks to Consider in the Same Space
Crocs, Inc. (NASDAQ:CROX) has an expected long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
lululemon athletica inc. (NASDAQ:LULU) has an impressive long-term earnings growth rate of 18.4% and a Zacks Rank #2 (Buy).
Columbia Sportswear Co. (NASDAQ:COLM) , also a Zacks Rank #2 stock, has an expected long-term earnings growth rate of 8.9%.
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