Deutsche Bank Previews PVH Corp Second Quarter Earnings
In a second quarter earnings preview, analysts at Deutsche Bank reiterated a Buy rating and $145 price target on PVH Corp (NYSE: PVH) Tuesday.
Analysts at the firm note that the bar for second quarter earnings has been set low; however, management must reiterate full year 2015 plans to maintain the current stock momentum.
Besides the actual earnings numbers, analysts on the conference call are expecting insight in the new product line (CK jeans), Heritage business updates and comments on gross margins in reflection to the reduced industry inventories stated in the first quarter conference call.
The $145 price target is based on a 19 times multiple of F15 EPS forecast.
PVH is set to announce second quarter earnings on after Wednesday's market close.
Shares of PVH (NYSE: PVH) traded recently at $115.52 down 1.05 percent.
Latest Ratings for PVH
|Sep 2016||Guggenheim||Initiates Coverage on||Buy|
|Sep 2016||Wells Fargo||Assumes||Outperform|
|Aug 2016||Buckingham Research||Maintains||Buy|
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