Wall Street expects a year-over-year decline in earnings on lower revenues when PVH (PVH) reports results for the quarter ended October 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 4. On the oth ...

PVH Corp. (PVH) is currently trading at a notably low price-to-earnings (P/E) multiple, which is below the Zacks Textile - Apparel industry and broader Consumer Discretionary averages. PVH's forward 12-month P/E ratio is 8.09, lower than the industry average of 13.59x and the sector average of 18.62x. A lower P/E ratio often signals that a stock may be priced attractively relative to its earnings potential, which can be appealing to value-focused investors. The stock is undervalued compared with its industr ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...

PVH Corporation (PVH) appears well-poised to tap the positive trends in the fashion arena, thanks to its sturdy digital endeavors and other robust strategies. The company's PVH+ Plan also looks quite encouraging. Strength in brands, particularly Calvin Klein and TOMMY HILFIGER, is acting as a tailwind. Let's delve deeper. PVH's Robust Strategies Bode Well PVH Corp enters into the next level of PVH+ Plan execution. In Europe, the company is on track with the efforts regarding the targeted quality of sales. I ...

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 I focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My invest ...

Shares of PVH Corporation (PVH) have surged 27.4% in the past year, outperforming the Zacks Textile - Apparel industry's 1.1% decline and the broader Consumer Discretionary sector's 16.4% rise. This upside can be attributed to the company's smooth execution of its PVH+ Plan, which aims to deliver sustainable growth. Strength in brands, particularly Calvin Klein and TOMMY HILFIGER, is an added positive. Currently priced at $97.13, PVH stock is trading at 31.2% to its 52-week high of $141.15, reached on April ...

Core Insights - PVH Corp. reported strong adjusted earnings of $3.01 per share for Q2 fiscal 2024, a 52% increase from $1.98 in the same quarter last year, surpassing both the Zacks Consensus Estimate of $2.27 and the company's guidance of $2.25 [2][11] - Revenues decreased by 6% year over year to $2,074 million, but still exceeded the consensus estimate of $2,068 million [2][3] Financial Performance - The company's gross profit was $1.2 billion, down 2.1% year over year, while gross margin expanded by 250 basis points to 60.1% due to lower product costs and a favorable shift in channel mix [6] - Selling, general and administrative expenses decreased by 4.8% year over year to $1.08 billion [6] - Adjusted earnings before interest and taxes rose by 21.4% to $173.9 million compared to the prior-year quarter [6] Segment Analysis - Revenues for the Calvin Klein segment fell by 1% year over year, while Tommy Hilfiger brand revenues dropped by 4% [7] - The Heritage Brands segment experienced a significant decline, with revenues plummeting by 60% year over year, including a 56% drop in women's intimates [8] Revenue Breakdown - International revenues decreased by 4%, primarily due to challenges in the Asia Pacific region, particularly in China and Australia [3] - Direct-to-consumer revenues declined by 5%, with physical store revenues down 4% and digital commerce down 6% year over year [4] - Wholesale revenues fell by 9%, largely due to a 7% reduction in the Heritage Brands women's intimates business [5] Guidance - For Q3, revenues are projected to decline by 6-7%, with adjusted EPS expected to be $2.50 compared to $2.90 in the prior year [11] - For fiscal 2024, the company anticipates a revenue decline of 6-7%, including a 2% reduction due to the divestiture of the Heritage Brands women's intimates business [12] - Management expects non-GAAP EPS in the range of $11.55-$11.80, up from the previous guidance of $11-$11.25 [13] Shareholder Returns - The company repurchased 2 million shares for $25 million and plans to repurchase a total of $400 million in shares for fiscal 2024 [10]

Core Viewpoint - PVH Corp reported disappointing second-quarter earnings, leading to a significant decline in its stock price, despite some analysts maintaining positive ratings and price targets. Financial Performance - PVH reported adjusted earnings of $3.01 per share, surpassing the consensus estimate of $2.29 per share, primarily due to a $0.55 per share benefit from an unplanned favorable tax settlement [2] - Revenues decreased by 6% year-on-year, but this was better than the market expectations of a 6.3% contraction [2] Guidance and Outlook - The company raised its full-year earnings guidance, reflecting the tax benefit, but still anticipates a revenue decline of 6% to 7% [3] - Management indicated that the softer trends observed at the end of the second quarter, particularly in the U.S. and China, are expected to persist in the latter half of the year [5] - The guidance for adjusted earnings suggests an operating margin contraction of approximately 150 basis points year-on-year at the midpoint [5] Analyst Ratings - Goldman Sachs analyst Brooke Roach maintained a Buy rating with a price target of $144 [1] - JPMorgan analyst Matthew Boss reiterated an Overweight rating with a price target of $154, noting that the full-year guidance reflects the flow-through of the second quarter's tax benefit [1][3] Stock Performance - PVH shares declined by 6.24% to $97.94 at the time of publication [6]

Group 1 - PVH Corp reported strong second-quarter earnings of $3.01 per share, exceeding analyst estimates of $2.28, with revenue of $2.07 billion slightly beating expectations, but disappointing guidance for the third quarter and full year due to declining international sales [1] - Analysts have lowered their price targets for PVH, with Wells Fargo reducing it to $130 and Evercore ISI to $125, both down from $145, while the 12-month consensus price target remains at $133.64, indicating a premium over current levels [2] - Following the earnings report, PVH stock experienced a decline of 6.9% to $97.29, marking its largest daily percentage drop since April, and is down 20.6% year to date [3] Group 2 - The options market for PVH has seen double the average daily options volume, with the September 100 call being the most popular contract, followed by the 100 put, both of which are top open interest positions [3]

PVH (PVH) reported $2.07 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 6%. EPS of $3.01 for the same period compares to $1.98 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.07 billion, representing a surprise of +0.29%. The company delivered an EPS surprise of +32.60%, with the consensus EPS estimate being $2.27. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...