Barclays Q1 Preview on PVH Corp (PVH); $1.25/Share Could Be Conservative; Shares Remain Attractive
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Price: $78.50 +3.17%
Rating Summary:
18 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on PVH Corp (NYSE: PVH) price target of $100.00.
Analyst, Robert S. Drbul, said, "We believe our 1Q12 EPS estimate of $1.25 could prove conservative. We expect 1Q12 revenue growth of 1.8%, translating to $1.39 billion, with increases of 3.8% and 6.9% in the Tommy Hilfiger and Calvin Klein businesses, respectively."
"While we remain mindful of the European exposure contained within the Tommy Hilfiger business, we believe the 18% pullback from peak levels (vs. a 6% decline in the S&P during the same period) represents a buying opportunity and view the current valuation as very attractive."
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 $75.98 yesterday.
Analyst, Robert S. Drbul, said, "We believe our 1Q12 EPS estimate of $1.25 could prove conservative. We expect 1Q12 revenue growth of 1.8%, translating to $1.39 billion, with increases of 3.8% and 6.9% in the Tommy Hilfiger and Calvin Klein businesses, respectively."
"While we remain mindful of the European exposure contained within the Tommy Hilfiger business, we believe the 18% pullback from peak levels (vs. a 6% decline in the S&P during the same period) represents a buying opportunity and view the current valuation as very attractive."
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 $75.98 yesterday.
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