Group 1 - PVH Corp., owner of brands like Tommy Hilfiger and Calvin Klein, has seen its stock drop by 27% since August [1] - The article contrasts the current performance of PVH Corp. with a previous Buy rating [1] Group 2 - The author, Manika, has over 20 years of experience in investment management, stock broking, and investment banking [1] - Manika runs a profile called Long Term Tips (LTT), focusing on opportunities in the green economy [1] - The investing group, Green Growth Giants, delves deeper into opportunities within the green economy segment [1]

Core Viewpoint - PVH Corp. is experiencing a rebound after reaching a low in March, driven by its PVH+ strategy, which is improving revenue and earnings quality despite ongoing headwinds in the apparel sector [1][5]. Financial Performance - In FQ4 2024, PVH reported net revenue of $2.37 billion, a decrease of 4.8% year-over-year, but exceeded consensus forecasts by 160 basis points [5]. - The company faced a 2% negative impact from foreign exchange translation, a 1% impact from divestitures, and a 3% impact from tough year-over-year comparisons [5]. - Adjusted earnings per share (EPS) of $3.27 beat the average forecast by $0.06, supporting the company's balance sheet and aggressive capital return strategy [8]. Capital Return Strategy - PVH has aggressively reduced its share count by 8% in F2024 and plans for another significant decrease in 2025 [2]. - The board approved an additional $500 million in buybacks, representing about 15% of the pre-release market cap, expected to be completed by year-end [2]. Analyst Sentiment - The consensus among 15 analysts is a Moderate Buy rating, with over 50% rating the stock as a Buy or higher [3]. - Despite a reset in price targets, many revisions remain above the consensus, indicating potential for significant upside [4]. Stock Forecast - The 12-month stock price forecast for PVH is $107.07, indicating a potential upside of 37.67% from the current price of $77.77 [7]. - The high forecast is set at $160.00, while the low forecast is $72.00 [7]. Operational Outlook - Margins contracted slightly in Q4 compared to the previous year but widened significantly for the year, achieving record gross margins [7]. - Guidance for future revenue is flat to slightly up, with expectations for flat to slightly wider margins, supporting the capital return outlook [8]. Market Reaction - Following the release of positive guidance and the buyback announcement, PVH's stock experienced a 15% increase, indicating a rebound in market sentiment [10].

Core Insights - PVH Corporation's shares increased by 18.10% following the release of its fourth-quarter fiscal 2024 earnings, which, despite a year-over-year decline in sales and earnings, exceeded analysts' expectations and provided a strong outlook for fiscal 2025 [1][3][8] Financial Performance - PVH reported adjusted earnings per share of $3.27 on revenues of $2.37 billion, surpassing analyst projections [3] - International revenues decreased by 6% (3% in constant currency), while North America revenues for Tommy Hilfiger and Calvin Klein rose by 1% year over year [4] - Direct-to-consumer revenues fell by 5% (2% in constant currency), and wholesale revenues also declined by 5% (2% in constant currency) [5] - Gross profit was $1.4 billion, reflecting a 6.7% decline year over year, but gross margin expanded by 210 basis points to 58.2% [6] Future Outlook - For fiscal 2025, PVH expects revenues to be flat to slightly up year over year on a constant-currency basis, with adjusted earnings per share projected between $12.40 and $12.75, an increase from $11.74 per share last year [7] - The earnings growth will be supported by a $500 million stock buyback program aimed at enhancing per-share profitability [8] Strategic Initiatives - PVH is advancing its multi-year PVH+ Plan, focusing on sustainable growth through strengthening core capabilities and enhancing consumer connections for its brands [9] - The plan emphasizes five key drivers: winning with product, enhancing consumer engagement, excelling in a digitally-led marketplace, developing a demand- and data-driven operating model, and driving efficiencies for reinvestment in growth [9][10] - The company aims to position Calvin Klein and TOMMY HILFIGER among the most desirable lifestyle brands by focusing on key growth categories and expanding in high-demand global markets [10]

PVH (PVH 17.99%) stock posted big gains in Tuesday's trading following the release of the company's fiscal fourth-quarter earnings report. The clothing company's share price closed out the day's trading up 18%. After the market closed yesterday, PVH published results for the fourth quarter of its last fiscal year, which ended Feb. 2. The company posted sales and earnings for the period that beat the market's expectations, and it also issued solid forward guidance and announced an accelerated stock buyback p ...

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PVH Corporation (PVH) reported better-than-expected results in the fourth quarter of fiscal 2024, wherein both earnings and revenues topped the Zacks Consensus Estimate. However, the bottom and top lines fell year over year. Results were hurt by a tough macro backdrop. PVH reported adjusted earnings of $3.27 per share, down 12.1% from the year-ago quarter's $3.72. The bottom line beat the Zacks Consensus Estimate of earnings of $3.19 per share and the company's guidance of $3.05-$3.20. The figure included t ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Financial Position - The company had an outstanding aggregate principal amount of $2.099 billion in indebtedness as of February 2, 2025, with $500 million of senior unsecured notes due in 2025 [160]. - As of February 2, 2025, the company recorded $2.260 billion in goodwill and $3.021 billion in other intangible assets, representing 48% of total assets [172]. - The company’s ability to maintain compliance with financial covenants may be adversely affected by future economic conditions, impacting its financial stability [160]. - The company’s pension plans are subject to significant obligations, with potential volatility in pension costs due to market conditions [168][169]. Impairment and Risks - In the third quarter of 2022, the company recorded $417 million of noncash impairment charges due to a significant increase in discount rates [172]. - Adverse changes in tax laws or audits could result in additional tax liabilities, impacting cash flows and financial condition [162][165]. - The company is currently implementing a multi-year SAP S/4 upgrade, which poses risks of disruptions or deficiencies in operations [180]. Currency and Market Risks - The company utilizes foreign currency forward contracts to mitigate cash flow or market risks associated with inventory transactions, but cannot eliminate these risks entirely [158]. - The company’s international operations expose it to foreign currency exchange rate fluctuations, impacting financial results during times of a strengthening or weakening U.S. dollar [157]. Cybersecurity and Data Privacy - The company faces risks related to cybersecurity and data privacy, including potential breaches that could disrupt operations and damage reputation [176][179]. - The company is subject to increasing global data privacy and security laws, which may impact operations and increase costs [181]. - Compliance with data privacy laws may lead to less efficient operations and delays in financial reporting [183]. - The company has implemented a global data privacy program, including guidelines and training for associates [183]. - The complexity of data privacy regulations, such as GDPR and CCPA, is increasing, affecting business operations [182]. Legal and Regulatory Risks - There is a risk of significant fines, judgments, or settlements due to potential regulatory actions [183]. - Any legal claims could result in reputational damage, regardless of the outcome of the defense [183].

Calvin Klein parent PVH Corp (NYSE:PVH) is up 15.6% to trade at $74.69 at last glance, after the company reported better-than-expected fourth-quarter earnings and revenue. The retail concern also announced another $500 million share buyback plan this year, after completing one in 2024, and issued an upbeat annual forecast. BMO Capital lowered its price target on PVH to $93 from $106 after the event, while TD Cowen lifted its own to $125 from $110. Broader analyst sentiment is split, with seven of 14 firms i ...

Monday, March 31, 2025 On the last trading day of calendar Q1, major indexes were mixed. The Dow, which first tested a 6-month bottom, finished up exactly +1.00%, or +417 points — resulting in a more than 900-point swing. Big Tech closed its worst quarter in 3 years, with the Nasdaq dipping another -23 points, -0.14%. The S&P 500 was +0.55% and the small-cap Russell 2000 finished -0.50%. Construction Spending, also for February, comes out tomorrow after the opening bell, too. We are expected to see a sewing ...