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Robbie Stephens Recommends Shopping Hilfiger


Robertson Stephens upgraded Tommy Hilfiger (TOM) to buy from long term attractive.

Analyst Janet Joseph Kloppenberg says the worst appears to be over, and she sees a sustained turnaround emerging over the next three to four quarters. Kloppenberg also thinks Tommy will return to a pattern of increased profitability beginning in fiscal 2002 (March), and sees renewed sales growth in fiscal 2003, along with accelerated EPS growth in both years vs. a dramatic fiscal 2001 year over year EPS decline.

She sees upside potential to Tommy's women's and men's wholesale businesses. Kloppenberg sees $1.38 fiscal 2001 EPS and $1.53 fiscal 2002 EPS. She thinks Tommy's valuation is attractive, and has set a $22 12-month target.


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