PVH Shares Slip After Q4 Beat: Analysts Say Calvin Klein, Tommy Hilfiger Have 'Healthy' Gross Margins
Portfolio Pulse from Priya Nigam
PVH Corp (NYSE:PVH) shares fell despite reporting strong Q4 results, with analysts highlighting 'healthy' gross margins for Calvin Klein and Tommy Hilfiger. JPMorgan raised its price target, while BMO, Telsey, and Wedbush provided mixed views on future guidance and market challenges. Concerns include lower-than-expected guidance for Q1 and FY, with impacts from the sale of Heritage Brands women's intimates and a challenging macro environment, especially in Europe.
April 02, 2024 | 2:45 pm
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PVH Corp reported strong Q4 results with high gross margins for Calvin Klein and Tommy Hilfiger, but shares fell due to concerns over future guidance and challenges in Europe.
Despite PVH's strong Q4 performance, the stock price declined due to analysts' concerns over future guidance being below expectations and potential challenges in the European market. Mixed analyst ratings with some raising price targets and others maintaining a cautious outlook contribute to the uncertainty.
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