Written on Wed, 01/08/2020 – 2:41am
By Amy Schwartz
Below are the three companies in the Apparel, Accessories & Luxury industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock’s return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Iconix Brand Gro ranks highest with a forward earnings yield of 28.9%. Hanesbrands Inc is next with a forward earnings yield of 12.1%. Michael Kors Hol ranks third highest with a forward earnings yield of 11.6%.
Movado Group follows with a forward earnings yield of 10.2%, and Pvh Corp rounds out the top five with a forward earnings yield of 8.6%.
SmarTrend recommended that subscribers consider buying shares of Pvh Corp on October 23rd, 2019 as our technology indicated a new Uptrend was in progress when shares hit $91.59. Since that recommendation, shares of Pvh Corp have risen 15.3%. We continue to monitor Pvh Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward earnings yield iconix brand gro hanesbrands inc michael kors hol movado group pvh corp