2024-03-22 03:50:05 ET
Summary
- PVH Corp.'s stock price has seen a big uptick in recent months following its Q3 2023 results in November last year, which reflect the impact of its restructuring plan.
- The results exceeded expectations, both for revenue and EPS. Full-year results due soon would continue to show strong performance, even though a recent business sale can affect headline revenues.
- Improved earnings performance has also kept its market multiples attractive despite the price rise. More upside can be expected ahead.
Since the last time I wrote about Tommy Hilfiger and Calvin Klein brands' owner PVH Corp. ( PVH ) in August last year, its price is up by an impressive 67%. Even at that time, a 50-80% upside was visible based on the fact that its price was way too low compared to its financial performance prompting a Buy rating on it....
Read the full article on Seeking Alpha
For further details see:
PVH Corp.: Improved Performance Can Continue