PVH Corp., the fashion powerhouse behind popular brands like Tommy Hilfiger and Calvin Klein, is gearing up to release its second-quarter earnings after the market closes on Tuesday, August 27th. Wall Street analysts are expecting a positive performance from the New York-based company, which also owns lingerie brands Warner’s, Olga, and True & Co.
The consensus forecast predicts earnings per share of $2.29, a significant increase from the $1.98 per share reported in the same period last year. Revenue is projected to reach $2.07 billion, according to data from Benzinga Pro.
Ahead of the earnings announcement, PVH declared a quarterly cash dividend of 3.75 cents per share, payable on September 25th to shareholders of record on September 4th. The company’s stock has been performing well, closing at $105.66 on Friday, up 3.7% for the day.
Several analysts have recently shared their insights on PVH, offering a range of perspectives on the company’s future prospects:
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Dana Telsey
of Telsey Advisory Group maintained anOutperform
rating with a price target of $140 on August 20th. Telsey boasts an accuracy rate of 63%.*
John Kernan
of TD Cowen kept aBuy
rating but trimmed the price target from $154 to $149 on July 25th. Kernan has a 70% accuracy rate.*
Ike Boruchow
of Wells Fargo affirmed anOverweight
rating and boosted the price target from $138 to $145 on June 6th. Boruchow has a strong accuracy rate of 74%.*
Adrienne Yih
of Barclays maintained anOverweight
rating and raised the price target from $149 to $154 on June 6th. Yih’s accuracy rate stands at 65%.*
Simeon Siegel
of BMO Capital maintained aMarket Perform
rating while increasing the price target from $110 to $119 on June 5th. Siegel has a high accuracy rate of 80%.With a mix of positive and cautious views from analysts, investors will be closely watching PVH’s second-quarter results to gauge the company’s performance and future outlook.
