
PVH (PVH) Stock Forecast & Price Target
PVH (PVH) Analyst Ratings
Bulls say
PVH has reported a positive trend in its wholesale sales, with a low single-digit year-over-year increase in the second half of the year, consistent with the first half performance. The gross margin improved by 170 basis points to 58.4%, surpassing expectations due to a favorable channel mix and a decrease in sales to lower margin wholesale accounts. Furthermore, the company ended the quarter with a significant increase in cash and equivalents, totaling $560 million, which reflects a solid liquidity position and enhances its capacity for growth and investment.
Bears say
PVH's financial outlook appears negative, driven by significant margin compression, with the Calvin Klein operating margin experiencing a year-over-year decline of 180 basis points to 12.7%, which fell short of previous estimates. Revenue projections for FY24 indicate a decline of 6.5% to $8.62 billion, including adverse impacts related to the sale of its Heritage Brands women's intimates business and a reduction from an extra week in the fiscal year. Furthermore, gross margins are expected to decrease by 200 basis points due to a more promotional environment in the U.S. and China, alongside increased freight costs, ultimately leading to a downward revision of EPS guidance to between $3.05 and $3.20, significantly below prior consensus estimates and last year’s earnings.
This aggregate rating is based on analysts' research of PVH and is not a guaranteed prediction by Public.com or investment advice.
PVH (PVH) Analyst Forecast & Price Prediction
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