Analyst Paul Lejuez from Citi maintained a Hold rating on PVH and keeping the price target at $73.00.
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Paul Lejuez’s rating is based on a combination of factors, including expected earnings performance and market conditions. The anticipated earnings per share (EPS) for the second quarter are projected to align with both company guidance and market consensus, suggesting stability in short-term performance. However, management is expected to revise annual EPS guidance downward due to increased tariffs, which could exert additional pressure on gross margins.
Despite these challenges, the market appears to have already priced in these expectations, as evidenced by the stock’s recent underperformance compared to its peers. The stock is trading at a low multiple of EBITDA, reflecting a cautious market sentiment. Given these dynamics, the Hold rating reflects a balanced view of potential risks and opportunities, suggesting that investors might want to wait for more favorable conditions before making significant investment decisions.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $84.00 price target.