PVH Corp: Analysts Revise Earnings Forecasts Before Call

Analyzing PVH Corp's Upcoming Earnings Report
PVH Corp. (NYSE: PVH) is scheduled to announce its earnings results for the second quarter soon after the market closes. As this time approaches, analysts have been busy evaluating and refining their earnings projections for the New York-based fashion giant.
Projected Earnings and Revenue
Market expectations are set for PVH to report earnings of $2.00 per share, a notable drop from the $3.01 per share achieved during the same period last year. Moreover, total revenue for the quarter is anticipated to reach $2.12 billion, a slight increase from $2.07 billion recorded a year earlier.
Recent Dividend Declaration
In their latest update, PVH confirmed a quarterly cash dividend of $0.0375 per share. This declaration indicates the company's commitment to returning value to its shareholders even amidst fluctuating earnings projections.
Stock Performance Insights
Recently, PVH shares experienced a 2.2% increase, with the stock closing at $81.60. This uptick reflects investor interest in the company's future earnings potential and overall market stance.
Analyst Ratings: What Experts Are Saying
As PVH gears up for its earnings report, a variety of analysts have weighed in with fresh ratings and price target adjustments. Here’s a snapshot of some recent evaluations from trusted analysts:
- Dana Telsey from Telsey Advisory Group reaffirmed an Outperform rating along with a price target of $90, showcasing confidence in the company’s rebound potential.
- Matthew Boss of JP Morgan maintained a Neutral stance while increasing the price target from $76 to $87. This shows a cautious optimism about PVH's future performance in the market.
- Following a downgrade, John Kernan from TD Cowen adjusted PVH’s rating from Buy to Hold and revised the price target from $98 down to $74. This decision reflects recent market challenges faced by the company.
- Adrienne Yih of Barclays chose to keep an Overweight rating but slightly lowered the price target from $87 to $83, indicating a belief in PVH’s stability despite pricing adjustments.
- Finally, UBS analyst Jay Sole retained a Buy rating while adjusting the price target from $150 to $146, which still signifies robust confidence in the company’s long-term growth trajectory.
Impact of Analyst Ratings
With analysts providing mixed yet thoughtful ratings, potential investors looking to buy PVH stock can gain valuable insights into market sentiment. It's crucial to consider both the positive remarks and the changes in ratings as they reflect the current challenges and opportunities that PVH faces.
Frequently Asked Questions
What are PVH's expected earnings for the second quarter?
Analysts expect PVH to report earnings of $2.00 per share for the upcoming quarter.
What was PVH's revenue during the previous quarter?
PVH anticipates revenue of $2.12 billion, compared to $2.07 billion in the year-ago period.
What was the recent stock performance of PVH?
PVH shares rose by 2.2%, closing at $81.60 recently.
What dividend did PVH declare?
PVH announced a quarterly cash dividend of $0.0375 per share.
What are analysts saying about PVH stock?
Analysts have varied ratings, with price targets ranging from $74 to $150, showcasing differing views on PVH's future.
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