PVH Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | August 26, 2024 05:59am

PVH Corp. (NYSE:PVH), the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.

Analysts expect the New York-based company, which also owns Warner's, Olga and True & Co., to report quarterly earnings at $2.29 per share. That's up from $1.98 per share in the year-ago period. PVH is projected to post revenue of $2.07 billion, according to data from Benzinga Pro.

On Aug. 7, PVH declared a quarterly cash dividend of 3.75 cents per share payable on Sept. 25, to stockholders of record on Sept. 4.

PVH shares gained 3.7% to close at $105.66 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating with a price target of $140 on Aug. 20. This analyst has an accuracy rate of 63%.
• TD Cowen analyst John Kernan maintained a Buy rating and cut the price target from $154 to $149 on July 25. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Ike Boruchow maintained an Overweight rating and boosted the price target from $138 to $145 on June 6. This analyst has an accuracy rate of 74%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and raised the price target from $149 to $154 on June 6. This analyst has an accuracy rate of 65%.
• BMO Capital Simeon Siegel maintained a Market Perform rating and raised the price target from $110 to $119 on June 5. This analyst has an accuracy rate of 80%.

Considering buying PVH stock? Here’s what analysts think:

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