Why PVH Stock Was Tumbling This Week
Since stocks overwhelmingly trade more on potential than trailing performance, shares of (NYSE: PVH) were tumbling over the past few days. The company notched beats with its fourth-quarter figures but whiffed on bottom-line guidance.
This was followed by a wave of analyst price-target cuts. As a result, the stock's price was down by nearly 24% week to date, as of Thursday night, according to data compiled by S&P Global Market Intelligence.
Tuesday morning, PVH released its fourth-quarter results and possibly wished it hadn't. Revenue was down slightly on a year-over-year basis (to just under $2.5 billion). However, non-GAAP (adjusted) net income zoomed 47% higher to slightly more than $222 million, or $3.72 per share.
Source Fool.com
PVH Corp. Aktie
104,25 €
-0,38 %
Klare Kaufstimmung: PVH Corp. hat 24 Buy-Einschätzungen und keine Sell-Einschätzung.
Mit einem Kursziel von 130 € für PVH Corp. könnte der aktuelle Kurs von 104.25 € um mehr als 20% steigen.
