Latest news with #PVHCorp.
Yahoo
4 days ago
- Business
- Yahoo
BofA Maintains Hold Rating on PVH Corp. (PVH), Sets $86 PT
In a report released on June 4, BofA analyst Christopher Nardone maintained a Hold rating on PVH Corp. (NYSE:PVH) with a price target of $86.00. The rating update followed the company's release of its fiscal Q1 2025 results on the same day, with revenue growing 2% to $1.984 billion compared to the same period last year. The analyst based the rating on PVH Corp.'s (NYSE:PVH) future outlook and recent financial performance, stating that it reported a minute fall in sales. This was, however, offset by higher SG&A expenses and lower margins, which resulted in a modest EPS beat. The company reported a non-GAAP EPS of $2.30 in fiscal Q1 2025, which surpassed guidance of $2.10 to $2.25. A customer trying on a sports jacket in-store, showcasing the company's sportswear range. Nardone highlighted that while regions such as America and EMEA experienced sales growth, the company's overall performance was negatively impacted by challenges in APAC and licensing. Management decided to lower the EPS guidance for fiscal 2025 to the $10.75 - $11.00 range on a non-GAAP basis compared to a range of $12.40 - $12.75 previously. The analyst reasoned that this drop reflects margin pressure concerns, somewhat influenced by tariffs. PVH Corp. (NYSE:PVH) also reduced EPS guidance for fiscal Q2 2025 to the $1.85 - $2.00 range on a non-GAAP basis. However, Nardone stated that the company has a history of exceeding conservative forecasts. According to the analyst, the valuation appears to mitigate short-term margin challenges through positive sales trends, which supports the Hold rating as the market assesses PVH Corp.'s (NYSE:PVH) potential to drive sales and manage costs. PVH Corp. (NYSE:PVH) is a luxury fashion company that operates Tommy Hilfiger and Calvin Klein brands. While we acknowledge the potential of PVH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
30-05-2025
- Business
- Yahoo
PVH Q1 Earnings on the Horizon: Here's What Lies Ahead for the Stock
PVH Corporation PVH is likely to post a year-over-year decline in its top and bottom lines when it reports first-quarter fiscal 2025 results on June 4, after market close. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.9 billion, indicating a drop of 0.8% from the prior-year the consensus estimate for earnings has moved up a penny to $2.23 per share, the metric indicates a decline of about 9% year over the last reported quarter, the company delivered an earnings surprise of 2.5%. It has a trailing four-quarter earnings surprise of 16.4%, on average. (See the Zacks Earnings Calendar to stay ahead of market-making news.) PVH Corp's first-quarter fiscal 2025 results are likely to reflect the impacts of a challenging operating backdrop. Higher raw material costs and currency headwinds are likely to have been concerning. Increased investments in direct-to-consumer and international businesses are likely to have added to extra costs and hurt profitability. Elevated freight costs, due to disruptions in key sourcing locations, further add to the margin addition, the company has been witnessing sluggishness in its Heritage Brands segment for quite some time now, owing to the decline in the sale of the Heritage Brands women's intimates business. The wholesale channel remains under pressure, owing to a decline in sales of the Heritage Brands women's intimates business and PVH Corp.'s ongoing efforts to reduce sales in Europe. Aforesaid limitations are likely to have hurt PVH's sales and earnings performance during the to-be-reported its last earnings call, management had anticipated revenues to be flat to down 2% (flat to down 1% in constant currency) year over year for the fiscal first quarter. It had forecast the gross margin to contract roughly 250 basis points, due to higher freight costs and incremental discounts owing to the Calvin Klein product delays. PVH had then envisioned first-quarter operating margin to be 8-8.5%, down 150-200 basis points year over year. Interest expenses are anticipated to increase to $20 million compared with $18 million in the first quarter of Corp. had projected earnings per share, on a non-GAAP basis, in the range of $2.10-$2.25 for the impending quarter, lower than the $2.45 reported in the year-ago quarter. This view included an unfavorable currency impact of five cents a share. The Zacks Consensus Estimate for Calvin Klein and Heritage Brands Wholesale sales is currently pegged at $876 million and $43.2 million, respectively, indicating a year-over-year drop of 1.2% and 16.9%.While these factors raise concerns about the outcome, PVH Corp.'s PVH+ Plan appears encouraging. The plan mainly aims at accelerating growth by boosting its core strengths and connecting its key brands with the consumers. PVH aims to deliver top-tier products as it focuses on driving growth in its key categories. PVH plans to expand in global markets where its iconic brands already connect strongly with consumers. Gains from these efforts are likely to have provided some cushion to the quarterly performance. Our proven model does not conclusively predict an earnings beat for PVH Corp. this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. PVH Corp. price-eps-surprise | PVH Corp. Quote PVH Corp. has an Earnings ESP of -1.05% and a Zacks Rank of 2. You can uncover the best stocks before they're reported with our Earnings ESP Filter. From a valuation perspective, PVH Corp.'s shares present an attractive opportunity, trading at a discount relative to historical and industry benchmarks. With a forward 12-month price-to-earnings ratio of 6.47X, below the five-year median of 8.92X and the Textile - Apparel industry's average of 12.72X, the stock offers compelling value for investors seeking exposure to the recent market movements show that PVH's shares have gained 19.1% in the past three months against the industry's 6.5% decline. Here are some companies, which according to our model, have the right combination of elements to post an earnings beat this season:Dollar Tree DLTR currently has an Earnings ESP of +7.86% and a Zacks Rank of 3. The company is likely to register top and bottom-line declines when it reports first-quarter fiscal 2025 results. The consensus mark for DLTR's quarterly revenues is pegged at $4.5 billion, which indicates a plunge of 40.5% from the figure reported in the prior-year quarter. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Dollar Tree's earnings has moved up a couple of cents to $1.20 per share in the past 30 days. The consensus estimate indicates a drop of 16.1% from the year-ago quarter's actual. DLTR delivered a negative trailing four-quarter earnings surprise of 8.4%, on General Corporation DG currently has an Earnings ESP of +3.15% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings per share has increased a penny in the past 30 days to $1.47, implying a 10.9% year-over-year decline. Dollar General's top line is expected to rise year over Zacks Consensus Estimate for quarterly revenues is pegged at $10.3 billion, which indicates an increase of 3.7% from the figure reported in the prior-year quarter. DG delivered a trailing four-quarter earnings surprise of 1.2%, on athletica LULU currently has an Earnings ESP of +1.82% and a Zacks Rank of 3. LULU is likely to register top-line growth when it reports first-quarter fiscal 2025 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2.4 billion, indicating 6.6% growth from the figure reported in the year-ago consensus estimate for LULU's earnings has been stable at $2.58 per share in the past 30 days. The consensus estimate indicates a drop of 1.6% from the year-ago quarter's actual. LULU has a trailing four-quarter earnings surprise of 6.6%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dollar General Corporation (DG) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report PVH Corp. (PVH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion United
09-05-2025
- Business
- Fashion United
Leadership change at Calvin Klein: David Savman succeeds Eva Serrano
PVH Corp. has announced a leadership transition on May 8, 2025, appointing David Savman as the new global brand president of Calvin Klein, succeeding Eva Serrano. Serrano, who has led the brand since 2023, will remain with the company through the end of the year in an advisory capacity to ensure a smooth transition. PVH CEO Stefan Larsson expressed gratitude for Serrano's contributions and confidence in Savman's ability to lead Calvin Klein into its next chapter. 'David is a people-focused leader with a proven ability to elevate brands, execute with a robust operating engine and deliver PVH+ Plan performance, all of which will be critical as we take Calvin Klein into this next chapter,' Larsson said. Savman joined PVH in 2022 and currently serves as the company's global head of operations and chief supply chain officer. In 2024, he also took on the role of interim CEO for PVH Europe, where he was credited with repositioning the region for growth. Savman expressed enthusiasm about his new role, stating, 'I'm thrilled to lead the talented Calvin Klein team. Together with our global partners, we have a powerful opportunity to build on the strong momentum underway by tapping into the brand's iconic DNA to drive even greater desirability as we shape Calvin Klein for future generations.' Under Serrano's leadership, Calvin Klein underwent significant transformation, aligning the brand under a unified global vision and team. Notably, she played a pivotal role in bringing the high-end Calvin Klein Collection back to New York Fashion Week after a six-year hiatus and appointed Veronica Leoni as the brand's first creative director since 2018. This leadership change is part of PVH's ongoing efforts to streamline its operations and focus on its core brands, Calvin Klein and Tommy Hilfiger, as it continues to execute its PVH+ Plan for long-term growth.
