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Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on PVH Corp with a price target of $102. PVH is expected to report its Q2 results on August 29. The company is expected to maintain its annual outlook with revenues growing 3%-4%. Gross margin is expected to increase over 100 basis points Y/Y, and the operating margin outlook is maintained at ~10%. The company's performance shows evidence of the success of its PVH+ strategy, according to the analyst.
August 22, 2023 | 7:28 pm
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PVH Corp is expected to maintain its annual outlook with revenues growing 3%-4%. The company's performance shows evidence of the success of its PVH+ strategy.
The analyst's Outperform rating and the expected growth in revenues and margins indicate a positive outlook for PVH Corp. The company's strategic investments and cost efficiencies are also expected to drive growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100