PVH Corp (NYSE: PVH) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and positive upside/downside volume developed.
Meaningful positive changes in fundamentals have recently occurred for PVH Corp (NYSE: PVH): significant quarterly earnings acceleration occurred, and the consensus estimate for January, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PVH is expected to continue to be an important Value Builder.
PVH has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. PVH has a slightly positive Appreciation Score of 68 and a very high Power Rating of 88, resulting in the Highest Value Trend Rating.
Recent Price Action
On 6/13/24, PVH Corp (NYSE: PVH) stock declined by -2.3%, closing at $113.22. However, trading volume in this decline was below average at 75% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.5% during the last week.
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