Barclays Maintains an 'Overweight' on PVH Corp (PVH); Boosting Estimates on Strong Retail Comps
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Price: $116.98 --0%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 14 | New: 19
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 14 | New: 19
Trade PVH Now!
Barclays maintains an 'Overweight' on PVH Corp (NYSE: PVH) price target of $100.00.
Analyst, Robert S. Drbul, said, "Tommy continued to demonstrate strong retail comps, which were up 11% in North America and 15% in Europe despite a challenging macro environment...European wholesale sales, which represent ~70% of the total business, also increased 9% on a constant currency basis."
"Citing top line momentum, upcoming cost benefits, and a strong Q2, Drbul raises FY12 from $6.25 to $6.32 and FY13 from $7.25 to $7.30 (assume a $(0.25) impact from FX in 2012, including $(0.10) in 3Q12)"
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 $88.49 yesterday, with a 52 week range of $53.51-$93.06.
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Analyst, Robert S. Drbul, said, "Tommy continued to demonstrate strong retail comps, which were up 11% in North America and 15% in Europe despite a challenging macro environment...European wholesale sales, which represent ~70% of the total business, also increased 9% on a constant currency basis."
"Citing top line momentum, upcoming cost benefits, and a strong Q2, Drbul raises FY12 from $6.25 to $6.32 and FY13 from $7.25 to $7.30 (assume a $(0.25) impact from FX in 2012, including $(0.10) in 3Q12)"
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 $88.49 yesterday, with a 52 week range of $53.51-$93.06.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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