PVH (PVH) Increases Despite Market Slip: Here's What You Need to Know

PVH (PVH) closed the most recent trading day at $106.33, moving +0.7% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.2%. Meanwhile, the Dow experienced a drop of 0.65%, and the technology-dominated Nasdaq saw a decrease of 1.79%.

The owner of the Calvin Klein and Tommy Hilfiger brands's stock has dropped by 19.35% in the past month, falling short of the Consumer Discretionary sector's loss of 4.46% and the S&P 500's loss of 0.85%.

Market participants will be closely following the financial results of PVH in its upcoming release. The company's earnings per share (EPS) are projected to be $2.18, reflecting a 1.87% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.93 billion, down 10.52% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $10.96 per share and a revenue of $8.66 billion, demonstrating changes of +2.62% and -6.05%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for PVH. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.82% decrease. PVH presently features a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that PVH has a Forward P/E ratio of 9.63 right now. This signifies a discount in comparison to the average Forward P/E of 11.16 for its industry.

It's also important to note that PVH currently trades at a PEG ratio of 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.35.

The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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