Analyst Jay Sole from UBS reiterated a Buy rating on PVH and keeping the price target at $148.00.
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Jay Sole has given his Buy rating due to a combination of factors that highlight PVH’s potential for long-term earnings growth. Despite a challenging macroeconomic environment, particularly in Europe, Sole remains optimistic about PVH’s self-help initiatives which are expected to drive significant earnings growth over time. The company’s recent reiteration of its third-quarter and fiscal year 2025 revenue and adjusted EPS guidance further supports this positive outlook.
Moreover, while the sentiment around PVH remains somewhat bearish, it has improved compared to previous months. The company’s valuation, with a current P/E multiple below its five-year average, suggests potential for stock price appreciation. Additionally, industry data from the UBS Evidence Lab indicates positive trends in sales and web traffic for PVH’s brands, Calvin Klein and Tommy Hilfiger, which further reinforces the Buy rating. Sole’s analysis also includes a price target of $148, aligning PVH’s valuation with its peers and suggesting potential outperformance over the next twelve months.
Sole covers the Consumer Cyclical sector, focusing on stocks such as On Holding AG, Deckers Outdoor, and Ralph Lauren. According to TipRanks, Sole has an average return of 4.4% and a 48.48% success rate on recommended stocks.
In another report released on November 19, Telsey Advisory also maintained a Buy rating on the stock with a $95.00 price target.