PVH Corp. ($PVH) Stock Forecast: Down 6.3% Today

What is PVH Corp.?

PVH Corp (NYSE: PVH) is a global apparel company that owns popular brands such as Tommy Hilfiger and Calvin Klein. Today, the stock experienced a significant bearish movement amidst challenging market conditions.

Why is PVH Corp. going down?

PVH stock is down 6.3% on Aug 28, 2024 16:43

• PVH Corp reported downbeat second-quarter earnings, leading to a sharp decline in its stock price.
• The company's guidance for a third-quarter revenue decline and EPS estimates below expectations further contributed to the bearish sentiment.
• Despite Calvin Klein's viral marketing campaign featuring Jeremy Allen White, PVH's stock performance was overshadowed by concerns about softer trends in the US and China, as highlighted by analysts.
• The overall market trend, with US markets opening slightly lower, also added pressure on PVH's stock price, aligning with the bearish movement observed today.

PVH Price Chart

PVH Technical Analysis

PVH News

PVH Posts Q2 Beat, But Analysts Expect Softer Trends In US And China To Continue - PVH ( NYSE:PVH )

Shares of PVH Corp PVH - the owner of Tommy Hilfiger, Calvin Klein, Warner's, Olga and True & Co. - tanked Wednesday after the clothing company reported downbeat second-quarter earnings. Goldman Sachs analyst Brooke Roach maintained a Buy rating and price target of $144.

https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40606483/pvh-posts-q2-beat-but-analysts-expect-softer-trends-in-us-and-china-to-continue

Calvin Klein hopes to go viral a second time with Jeremy Allen White campaign

Marketing Calvin Klein campaign featured Jeremy Allen White Credits: Calvin Klein Anyone following fashion accounts on Instagram or other social media channels will have seen new images of actor Jeremy Allen White fronting Calvin Klein underwear. The New York-based star is the face of the brand’s newest campaign as the global fashion season returns in force in September. Directed and shot by Mert Alas, the campaign shows Jeremy channeling classic Americana and nonchalant cool. “Everyday moments capture Jeremy sun-drenched and poolside, shining a new light on the latest underwear and denim,” Calvin Klein parent PVH said in a press release. “Calvin Klein’s aesthetic has always been timeless, and it was great to be back with them and the entire creative team for this new campaign.” said Jeremy. PVH is hoping the images will go viral like its last campaign, reflecting a strategic move to capitalize on viral marketing success amidst challenging global economic conditions. The company is leveraging the unprecedented popularity of White''s previous campaign, which generated significant buzz on social media and boosted brand visibility.

https://fashionunited.uk/news/fashion/calvin-klein-hopes-to-go-viral-a-second-time-with-jeremy-allen-white-campaign/2024082877296

US markets set to open slightly lower

US markets are set to open slightly lower today with futures seeing the S&P 500 down 0.1%, the Nasdaq-100 down 0.2% and the Russell 2000 down -0.4%. Here are the biggest movers pre-market from Newsquawk: $SMCI -10%: To delay 10-K filing for FY24 $NVDA -0.2%: Earnings await after-hours $PVH -9.5%: EPS disappointed & backed FY24 rev. decline of 6-7% $FL -7%: Despite comp. sales beating, but guide unch. & desks note it now trades with a forward P/E of 20, which is expensive for retail sector $KSS +2%: EPS & GM''s beat w/ stellar FY profit guide $ANF -11%: Despite a solid report, although noted it continues to operate in an increasingly uncertain env. $SJM -4%: Top line light & cut FY outlook $AMBA +19%: Loss per shr. not as deep as exp. & rev. beat; Next Q sales guide also topped $BOX +5%: EPS & rev. beat w/ strong Q3 & FY outlook $ELF + 3%: Approved $500mln share repurchase prog. This article was written by Giuseppe Dellamotta at www.forexlive.com.

https://www.forexlive.com/news/us-markets-set-to-open-slightly-lower-20240828/

PVH, nCino, Marathon Digital And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - PVH ( NYSE:PVH )

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.1% on Wednesday. Shares of PVH Corp. PVH fell sharply in today's pre-market trading after the company guided a third-quarter revenue decline and issued EPS estimates below estimates.

https://www.benzinga.com/news/24/08/40598811/pvh-ncino-marathon-digital-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-session

PVH Corp stock target cut, rating held on lowered 3Q sales outlook

https://www.investing.com/news/company-news/pvh-corp-stock-target-cut-rating-held-on-lowered-3q-sales-outlook-93CH-3590864

https://www.investing.com/news/company-news/pvh-corp-stock-target-cut-rating-held-on-lowered-3q-sales-outlook-93CH-3590864

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PVH Corp. Price History

28.07.2024 - PVH Stock was down 6.8%

• PVH Corp stock witnessed a bearish movement recently with the following factors contributing to this trend:
• The company provided a forecast of declining third-quarter revenue and lower-than-expected earnings, which dampened investor confidence.
• Reduction in a stock target and a 'hold' rating following the revised 3Q sales outlook added to the selling pressure on PVH shares.
• Despite previously raising its FY24 guidance, the latest projections from the company were met with market pessimism, resulting in a decrease in stock value.
• The broader market sentiment, reflected in mixed U.S. stock futures, also influenced the downward trajectory of PVH's stock price.

28.07.2024 - PVH Stock was down 6.3%

• PVH Corp reported downbeat second-quarter earnings, leading to a sharp decline in its stock price.
• The company's guidance for a third-quarter revenue decline and EPS estimates below expectations further contributed to the bearish sentiment.
• Despite Calvin Klein's viral marketing campaign featuring Jeremy Allen White, PVH's stock performance was overshadowed by concerns about softer trends in the US and China, as highlighted by analysts.
• The overall market trend, with US markets opening slightly lower, also added pressure on PVH's stock price, aligning with the bearish movement observed today.

08.01.2024 - PVH Stock was up 5.6%

• PVH Corp announced a quarterly cash dividend distribution, which could have attracted investors and contributed to the bullish movement.
• Richard Pzena, a prominent investor, adjusted his stake in PVH Corp, which may have generated positive sentiment and further fueled the bullish movement.
• The overall positive market sentiment and investor confidence in PVH Corp's brands could also be contributing factors to the bullish movement.

02.03.2024 - PVH Stock was down 23.4%

• PVH shares dropped following weak first-quarter guidance despite positive fourth-quarter results.
• Analysts observed that Calvin Klein and Tommy Hilfiger, brands under PVH, have strong gross margins, but this did not prevent the stock decline.
• The market correction in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin may have impacted PVH's stock amidst the negative sentiment.
• Jim Cramer's comments on various stocks, including PVH, during Tuesday's market session could have influenced the movement of PVH's stock.

02.03.2024 - PVH Stock was down 23.3%

• Weak first-quarter guidance was issued by PVH Corp., despite surpassing fourth-quarter earnings and revenues expectations.
• Bond yields rose to 4.36% and oil prices hit a five-month high, impacting the overall market due to supply/demand dynamics and geopolitical tensions.
• Citi maintained a Neutral rating on PVH Corp stock, pointing to uncertainties ahead.
• Challenging conditions in Europe were highlighted by the company as a factor in the softened outlook, contributing to the stock decline.

08.01.2024 - PVH Stock was up 6.5%

• PVH Corp announced a quarterly cash dividend distribution, indicating confidence in the company's financial health and potential for future growth.
• Richard Pzena, a prominent investor, adjusted his stake in PVH Corp, potentially signaling positive sentiment and belief in the company's prospects.
• The declaration of a dividend by PVH Corp further reinforces the company's commitment to returning value to shareholders, which could have attracted more investors to the stock.
• Overall, the combination of these factors likely contributed to the bullish market movement of PVH Corp today.

02.03.2024 - PVH Stock was down 23.8%

• PVH Corp. faced a strong bearish movement.
• The weak future guidance after Q4 results likely contributed to the downward pressure on the stock.
• Concerns about the Federal Reserve potentially cutting interest rates in June may have added to the overall bearish sentiment in the market.
• Despite the negative movement, investors should keep an eye on any potential turnaround strategies that PVH Corp. might implement to improve its performance in the future.

30.10.2023 - PVH Stock was down 2.6%

• PVH Corp raised its full-year EPS outlook on strong Q3 results, beating earnings expectations. This positive news should have had a bullish impact on the stock.
• However, despite the positive earnings and raised outlook, PVH shares dropped 5% and shed 6% in postmarket trading. This indicates a bearish market movement.
• The downgrade of PVH's rating from buy to hold by StockNews.com could have contributed to the bearish movement.
• The lower-than-expected guidance for the holiday season might have also influenced the negative market sentiment.

14.10.2023 - PVH Stock was up 5.9%

• PVH Corp. announced the sale of its Warners, Olga, and True & Co. businesses to Basic Resources for $160 million in an all-cash deal. This move allows PVH to focus on its core brands, which could be seen as a positive development for investors.
• The upcoming release of PVH Corp.'s third quarter 2023 earnings results might have also contributed to the bullish movement. Investors may have been optimistic about the company's performance and future prospects.
• The news about Tommy Hilfiger re-listing a Palm Beach mansion for $35.9 million is unrelated to PVH Corp.'s stock movement and does not have a direct impact on the company's financials or operations.

17.09.2023 - PVH Stock was up 5.1%

• PVH had a strong bullish movement today.
• The former estate of fashion designer Tommy Hilfiger hitting the market could have generated positive sentiment and increased interest in PVH, as it is the parent company of the Tommy Hilfiger brand.
• The article mentioning top stocks under $5 and the mention of Jerash Holdings, an apparel manufacturer, could have created a positive outlook for the apparel industry, including PVH.
• The rise of Guess? (GES) stock, which is in the same industry as PVH, could have contributed to the bullish movement of PVH as investors may have seen it as a positive sign for the overall sector.
• The overall strength of PVH's businesses in Europe and Asia, as mentioned in the article about Guess?, could have also influenced the bullish movement of PVH.

02.03.2024 - PVH Stock was down 22.3%

• CFRA has reduced PVH Corp's price target to $138 while keeping a buy rating, indicating a lack of optimism about the stock's future growth prospects.
• Weak fourth-quarter performance and future guidance from the company are causing a decline in the stock price, contributing to the bearish trend.
• Negative assessments of apparel stocks following PVH's guidance are influencing the pessimistic mood toward the company.
• Concerns in the market about potential interest rate cuts by the Federal Reserve might be impacting investor trust in PVH Corp and other stocks, resulting in the downward trend.

15.10.2023 - PVH Stock was up 5.2%

• Despite reports of violent protests by garment workers in Bangladesh, PVH Corp's stock remained unaffected and even saw a bullish movement. It seems that investors are confident in the company's ability to navigate through these challenges.
• PVH Corp's upcoming conference call to discuss their third-quarter earnings results might have sparked positive sentiment among investors, leading to the bullish movement. Perhaps they are expecting strong financial performance.
• The announcement of PVH Corp's decision to sell its Warners, Olga, and True & Co. businesses to Basic Resources for $160 million in an all-cash deal could be seen as a strategic move to focus on their core brands. This decision might have been well-received by investors, contributing to the bullish market movement.
• Overall, despite external challenges and changes within the company, PVH Corp's stock experienced a bullish movement, possibly due to investor confidence in the company's future prospects and strategic decisions.