Calvin Klein-Owner PVH (PVH) Gains 7% Following Q2 Beat/Raise

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PVH Corp (PVH) PT Raised to $136 at BofA Securities

September 2, 2021 7:55 AM EDT

BofA Securities analyst Lorraine Hutchinson raised the price target on PVH Corp (NYSE: PVH) to $136.00 (from $125.00) while maintaining a Buy rating.

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Calvin Klein-Owner PVH (PVH) Surges After Smashing Q2 Profit Views and Guidance, Analysts Expect Shares to Outperform

September 1, 2021 6:02 AM EDT

Shares of PVH Corp. (NYSE: PVH), which owns the Calvin Klein brand, are up more than 7% in pre-open Wednesday after the company presented stronger-than-expected Q2 results.

PVH reported Q2 EPS of $2.72 to smash the analyst consensus of $1.20. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.14 billion.

We delivered another quarter of high-quality growth and strong performance above our guidance. This was driven by disciplined execution of our key strategic... More