Christopher Nardone, an analyst from Bank of America Securities, maintained the Hold rating on PVH. The associated price target remains the same with $88.00.
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Christopher Nardone’s rating is based on several factors influencing PVH’s current and future financial performance. The recent departure of CFO Zac Coughlin to Sirius XM introduces a period of transition, although the appointment of Melissa Stone as Interim CFO is expected to ensure continuity given her extensive experience within the company. This leadership change comes as PVH reaffirms its revenue and earnings guidance, suggesting stability in the near term.
However, there are notable challenges ahead, particularly concerning margin pressures. The company’s ability to meet its 4Q margin guidance depends heavily on achieving SG&A savings and navigating tariff impacts. Additionally, the European market remains crucial to PVH’s growth trajectory, while uncertainties in China pose risks. Looking towards 2026, the potential for profit growth is contingent on improving full-price sales and realizing cost efficiencies from the PVH+ Plan. Given these mixed factors, the valuation at 5x EV/EBITDA supports a Hold rating, balancing short-term challenges with potential long-term gains.