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. Stock
€105.30
0.190%
With 25 Buy predictions and not a single Sell prediction PVH Corp. is an absolute favorite of our community.
As a result the target price of 130 € shows a positive potential of 23.46% compared to the current price of 105.3 € for PVH Corp..
