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PVH Corp’s Remediated IT Control Weakness Still Poses Future Financial Reporting and Stock Price Risks
PVH Corp (PVH) has disclosed a new risk, in the Accounting & Financial Operations category.
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PVH Corp previously disclosed a material weakness in internal controls tied to IT general controls over user access in its ERP and related systems in the EMEA region, which has since been remediated. However, the possibility of future control failures could impair the accuracy and timeliness of its financial reporting, expose it to litigation or regulatory investigations, erode investor confidence, and exert downward pressure on its stock price.
The average PVH stock price target is $91.00, implying 18.86% upside potential.
To learn more about PVH Corp’s risk factors, click here.
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