PVH - PVH Shares Slip After Q4 Beat: Analysts Say Calvin Klein Tommy Hilfiger Have 'Healthy' Gross Margins | Benzinga
Shares of PVH Corp (NYSE: PVH) tanked in early trading on Tuesday, even after the company reported upbeat fourth-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- JPMorgan analyst Matthew Boss reiterated an Overweight rating, while raising the price target from $146 to $165.
- BMO Capital Markets analyst Simeon Siegel maintained a Market Perform rating and price target of $107.
- Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating and price target of $155.
- Wedbush analyst Tom Nikic reaffirmed a Neutral rating and price target of $108.
Check out other analyst stock ratings.
JPMorgan: The company’s gross margin expanded by 442 basis points (bps) year-on-year to 60.3%, beating the consensus estimate, and translating to an EBIT margin of 12.1%, Boss said.
"Importantly on the cadence of the quarter, management cited a very strong Holiday period (Black Friday through the Christmas season), while January saw a noticeable pullback ...