Analyst Robert Drbul of BTIG maintained a Buy rating on PVH, retaining the price target of $100.00.
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Robert Drbul has given his Buy rating due to a combination of factors that highlight PVH’s potential for growth despite some challenges. The company’s recent quarterly earnings report showed a slight increase in total revenues, surpassing expectations, and an operating margin that exceeded forecasts, indicating operational efficiency. Although there was a decline in gross margin and a slight increase in inventory, these were attributed to external factors such as tariffs, which the company is managing.
Furthermore, the performance of key segments like Tommy Hilfiger and Calvin Klein, which together constitute a significant portion of PVH’s revenue, demonstrated positive growth. Regional performance was also encouraging, particularly in EMEA, which saw substantial EBIT growth. Despite some adjustments in earnings estimates due to increased marketing expenses, the valuation remains attractive with a price target that reflects a discount to historical averages, suggesting potential upside for investors.
In another report released today, Needham also assigned a Buy rating to the stock with a $100.00 price target.