Barclays Maintains an 'Overweight' on PVH Corp (PVH); Main Man Tommy...He'll Figure It Out
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Price: $115.74 -1%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade PVH Now!
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, with a 52 week range of $53.51-$94.74.
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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, with a 52 week range of $53.51-$94.74.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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