PVH Corp.: Upgrade To Buy Given The Better Demand Outlook [Seeking Alpha]
PVH Corp. (PVH)
Last pvh corp. earnings: 4/1 04:15 pm
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US:NYSE Investor Relations:
pvh.com/investor-relations
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Source: Seeking Alpha
Summary I upgrade PVH stock from sell to buy due to improved demand outlook and visible path to margin expansion, enabling faster earnings growth than top line. Easing inflation in key markets and improved consumer sentiment have significantly boosted the demand outlook, with strong sell-through rates and improving order books. Management's cautious 3Q24 revenue decline guidance is prudent, but early signs of strong sales and record consumer engagement suggest potential outperformance. Robert Way/iStock Editorial via Getty Images Investment summary My previous investment thought on PVH Corp. ( NYSE: PVH ) (published in April) was a sell rating because of the poor consumer spending environment and the poor headline growth outlook from the self-inflicted 500bps headwind. Indeed, my recommendation was spot on as the share price weakened from ~$107 to as low as $90 (my target price was $93). Now that the share price is at ~$98 and the valuation has rerated downwards to 8x, I
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PVH
News
- GIRLSTRONG® Gives Back to Women-Centered Organizations; Sponsors "Healthy Happy Hour" in Atlanta, Benefitting Girls on the Run Georgia [Yahoo! Finance]Yahoo! Finance
- Chamber launches small-business incubator [Yahoo! Finance]Yahoo! Finance
- PVH Corp. (NYSE: PVH) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $107.00 price target on the stock, down previously from $130.00.MarketBeat
- PVH (PVH) Down 2.8% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- Lineapelle Exhibitors Forge Ahead in Uncertain Scenario [Yahoo! Finance]Yahoo! Finance
PVH
Earnings
- 8/27/24 - Beat
PVH
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- PVH's page on the SEC website