PVH Corp
PVH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$851.00 | Vghb | Pnbwsywy |
Currency and Other Challenges Abound and Goals Look Aggressive, but PVH’s Brands Have Global Appeal
Business Strategy and Outlook
We believe that neither Tommy Hilfiger nor Calvin Klein has the pricing power or competitiveness to provide PVH with a moat. Moreover, the firm is dealing with the war in Ukraine, shipping delays, inflation, depreciation of the euro versus the dollar, and higher taxes. We anticipate its adjusted EPS will drop about 20% this year.