In a report released today, Tom Nikic from Needham reiterated a Buy rating on PVH, with a price target of $100.00.
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Tom Nikic has given his Buy rating due to a combination of factors that suggest a favorable risk/reward scenario for PVH’s stock. Despite some current challenges such as regional variability, margin fluctuations, and a transition in the CFO position, the valuation of PVH appears to be significantly undervalued.
The stock is trading at low multiples compared to other global brands, with a forward price-to-earnings ratio around 7x and an EBITDA multiple of approximately 6x. Nikic believes that if the company’s fundamentals stabilize or improve, there is potential for the stock to increase significantly in value, potentially by 25%-30% if the stock were to trade at a 9x EPS multiple.
In another report released on November 25, UBS also reiterated a Buy rating on the stock with a $148.00 price target.