The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
On Wednesday, the parent company of brands Calvin Klein and Tommy Hilfiger reported first-quarter earnings and revenue that topped Street estimates, and it raised its outlook for the full year — an uncommon move in the current retail environment.
The global apparel retailer reported first-quarter adjusted earnings per share of $1.65, topping a Thomson Reuters forecast for $1.60. PVH's total sales came in at $2 billion, increasing by 4 percent and also beating a Thomson Reuters consensus estimate of $1.96 billion in revenue.
Shares of PVH climbed a little more than 5 percent Thursday afternoon and are now up more than 7 percent for the week. PVH was the second-biggest gainer on the S&P 500 for the day, trailing only behind Best Buy.
The true bright spot for this company is its untapped international potential, Boss told CNBC.
The investment firm has just put an overweight rating on PVH shares, with a fresh price target of $125, up from $116. PVH's stock was last trading around $107 on Thursday, implying more than 15 percent upside potential.
"The story here is [PVH has] diversified their distribution ... 75 percent of their EBIT dollars come from outside the U.S.," Boss went on. "They've stabilized the U.S. marketplace, and international has a huge runway ahead."
The retail analyst believes PVH could triple its European business by way of Calvin Klein, and double its business in China through the Tommy Hilfiger nameplate. "I just think there's a number of ways to win," Boss said.
Tommy Hilfiger's international comparable sales climbed 14 percent during the latest period, but quarterly sales for this same segment in North America dropped 5 percent, the company reported Wednesday.
Meanwhile, Calvin Klein's international sales at established stores increased 3 percent for the first quarter, while North American revenues in the Calvin Klein business saw a decline of 1 percent.
"We continue to experience strong momentum in our Calvin Klein and Tommy Hilfiger businesses, which allowed us to exceed both our sales and earnings guidance for the first quarter despite the volatile macroeconomic environment and the highly promotional retail market in the U.S.," CEO Emanuel Chirico said in a statement.
He added that the company's first-quarter results still "underscored" the power of PVH's diversified business segments and the strength of its international marketplaces.
"They've stabilized in the U.S., and international can double from here," Boss reiterated during his CNBC interview. PVH understands where today's customer is shopping, he added, citing the fact the company has a huge presence on Amazon.com.
With the week's gains, PVH's stock has gained nearly 20 percent both for the year-to-date period and over the past 12 months. This, compared to the 's near 7 percent increase year-to-date.