Although this slump was obviously disappointing, the company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for PVH. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
PVH currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.
Some better-ranked stocks in the consumer goods sector include Columbia Sportswear Company (COLM), G-III Apparel Group, Ltd. (GIII) and Joe's Jeans Inc. (JOEZ). All these stocks carry a Zacks Rank #2 (Buy).
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