Why PVH Stock Plunged Today
Shares of PVH Corp (NYSE: PVH) sank on Thursday after the fashion conglomerate warned of a downturn in one of its major international segments.
Image source: Getty Images.
The parent company of Calvin Klein and Tommy Hilfiger reported a 2% year-over-year rise in revenue to $2 billion in its fiscal first quarter, which ended on May 3. However, excluding the effects of foreign currency fluctuations, PVH's sales declined by 2%.
Source Fool.com
PVH Corp. Stock
€75.50
-0.400%
The stock is one of the favorites of our community with 25 Buy predictions and 1 Sell predictions.
With a target price of 85 € there is a slightly positive potential of 12.58% for PVH Corp. compared to the current price of 75.5 €.
