Shares of PVH Corp (NYSE:PVH) have dropped 5% in morning trade following a price target cut from JP Morgan from $135 to $93. The stock is trading at its lowest level since 2012.
There are 10 research firms in total that have issued ratings on PVH Corp within the past year. The consensus, or mean target price of the Wall Street analysts covering the firm is $141.1. The most recent revision to the consensus target was on 2015-02-09.
Analysts are predicting that PVH Corp will report $1.75 earnings per share when they next issue their quarterly earnings release on or around 2015-03-24. The consensus mean estimate is the calculated mean of all brokerage sell-side analysts that issue earnings estimates for the company. In the most recent quarter the company reported earnings of $2.56 that ended on 2014-10-31.
PVH Corp (NYSE:PVH) has a 1.91 consensus analyst rating on the stock based on an arithmetical average of the 10 ratings given by the brokerage analysts covering the company. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The highest estimate of the 10 covering analysts sees the stock climbing to $155 within the next year while the lowest estimate places the 12-month target price at $105. Within the past few months there have been 1 analysts that have given the stock a Buy recommendation.
Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $7.91. The most bullish analyst sees the company reporting earnings per share of $8.19 while the most bearish analyst is predicting a current year EPS number of $7.64. Looking further ahead to the next three to five years, the long term EPS growth rate on a consensus basis is 13.42%, based on the 4 analysts providing longer term projections in their models.
PVH Corp., is an apparel company. The Company’s portfolio of brands includes Calvin Klein, Tommy Hilfiger brands, Van Heusen, IZOD, Bass, ARROW and Eagle, which are owned brands, and Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, JOE Joseph Abboud, MICHAEL Michael Kors, Michael Kors Collection, CHAPS, Donald J. Trump Signature Collection, DKNY, Elie Tahari, Nautica, Ted Baker, J. Garcia, Claiborne, Robert Graham, U.S. POLO ASSN., Axcess and Jones New York, which are licensed, as well as various other licensed and private label brands. It designs and markets branded dress shirts, neckwear, sportswear and, to a lesser extent, footwear and other related products. Additionally, it licenses its owned brands over a range of products. In April 2014, PVH Corp acquired an undisclosed minority stake in Karl Lagerfeld BV.