Jefferies analyst David Hayes has maintained their bullish stance on PUIG stock, giving a Buy rating on February 4.
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David Hayes has given his Buy rating due to a combination of factors including Puig’s solid fourth-quarter delivery and its continued ability to outperform sector peers, even as management’s guidance for the coming year remains somewhat indistinct. All three operating divisions remained within the previously communicated 6–8% growth corridor for FY25, underscoring the resilience and balance of the portfolio.
Within this, the fragrance unit expanded at roughly one and a third times the pace of the wider luxury market, while makeup posted especially robust like-for-like growth, supported in part by ongoing inventory build for Charlotte Tilbury on Amazon in the fourth quarter. On valuation, Hayes believes that the current multiple of about 14.5x earnings leaves room for an upward re-rating toward roughly 17.5x next-twelve-months earnings, which underpins his positive stance on the shares.
According to TipRanks, Hayes is a 3-star analyst with an average return of 1.8% and a 52.79% success rate. Hayes covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, L’Oreal, and Unilever.
In another report released on February 4, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a €19.00 price target.