COMPANY DESCRIPTION
PVH is an apparel company that designs and markets branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, handbags, footwear and other related products, and licenses its owned brands over a range of products. Co.'s brand portfolio includes Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner's, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection, Chaps, Donald J. Trump Signature Collection, DKNY, Elie Tahari, Nautica, Ted Baker, J. Garcia, Claiborne, Robert Graham, U.S. POLO ASSN., Ike Behar, Axcess, Jones New York and John Varvatos.
ECONOMIC MOAT
PVH’s economic moat is linked directly to its portfolio of lifestyle brands. Brand strength has given the company pricing power.
OUTLOOK
PVH Corp. delivered solid results lately. Strength of the U.S. dollar is a thorn in the side of this multinational apparel company. Management's efforts to revitalize the Calvin Klein product, especially jeans, have been gaining traction. PVH stock has recovered some, but its price is down moderately from high of 2014.
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STRENGTHS
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Brand power fuels PVH's growth
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Multiple price point strategy
WEAKNESSES
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Dependence on key customers could weaken PVH's bargaining power
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Declining profitability
THREATS
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Competitive pressures on PVH
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Counterfeit products reduce branded goods' revenue
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Rising labor wages in the US and Europe
OPPORTUNITIES
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Expanding international presence through licensing agreements
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Growing e-commerce sales
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Growing apparel market in the US
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The information presented in this report has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guranteed. All material is subject to change without notice. The views and opinions expressed are those of Focused Stock Research and/or WALT ST Investment Management, Ltd. and in no way reflect the views and opinions of Investment Consultants nor their Broker Dealers.