BofA/Merrill Lynch Downgrades PVH Corp (PVH) to Underperform
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September 4, 2014 9:00 AM EDT
Nomura Securities analyst Robert Drbul reiterated a Buy rating and $180 price target on PVH Corp (NYSE: PVH) following better-than-expected Q2 results.
Drbul commented, "PVH reported adjusted 2Q14 earnings of $1.51, ahead of our estimate and consensus. Consolidated revenues increased to $1.98 billion, a 1%... More
September 3, 2014 4:05 PM EDT
(Updated - September 3, 2014 4:22 PM EDT)
PVH Corp. (NYSE: PVH) reported Q2 EPS of $1.51, $0.09 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.99 billion.
Commenting on these results, Emanuel Chirico, Chairman and Chief Executive Officer, noted, We are pleased with our second quarter performance, which exceeded our earnings per share guidance. Despite the... More
