Barclays Maintains an 'Overweight' on PVH Corp (PVH); Main Man Tommy...He'll Figure It Out

August 29, 2012 1:16 PM EDT
Get Alerts PVH Hot Sheet
Price: $93.07 +0.51%

Rating Summary:
    14 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Barclays maintains an 'Overweight' on PVH Corp (NYSE: PVH) price target of $110.00 (from $100.00).

Analyst, Robert S. Drbul, said, "We remain impressed by ongoing momentum at Tommy Hilfiger, particularly in Europe where the brand has outperformed expectations despite macroeconomic pressure."

Outlook Flash Look: "The Europe Fall order book was up 4%-5%, with early
reads indicating Spring 2013 orders up 4%-5% as well despite customers buying
cautiously. Quarter-to-date, Tommy Europe comps are up low teens against a 5%
plan. In North America, QTD comps are up +HSD vs. a +MSD plan, including an
acceleration in traffic."

FY EPS estimate remain at $6.32 and next year at $7.30.

For an analyst ratings summary and ratings history on PVH Corp click here. For more ratings news on PVH Corp click here.

Shares of PVH Corp closed at $92.77 yesterday.

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