PVH Corp (PVH) PT Lowered to $94 at Citi
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Shares of Calvin Klein-Owner PVH (PVH) Dip on Soft Outlook, Morgan Stanley Downgrade to Equal Weight
March 31, 2022 8:52 AM EDTPVH (NYSE: PVH) released a weaker-than-anticipated full-year forecast, sending the companys shares in the red.
The company reported Q4 adjusted EPS of $2.84, compared to the loss per share of 38c in the year-ago period and topping the consensus estimates of $2 per share. Revenue came in at $2.43 billion, up 16% YOY and above analyst expectations of $2.37.
The Calvin Klein brand generated sales of $991.6 million in the period, also above the consensus projection of $948 million. Calvin Klein International revenue totaled $616.6 million, missing the analyst consensus of $622.9 million.
Tommy Hilfiger reported total revenue of $1.3... More
