PVH, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Brooke Roach from Goldman Sachs maintained a Buy rating on the stock and has a $93.00 price target.
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Brooke Roach has given his Buy rating due to a combination of factors that highlight PVH’s financial performance and strategic positioning. The company reported a third-quarter earnings per share (EPS) that exceeded expectations, driven by slightly better sales across its brands and effective management of selling, general, and administrative (SG&A) expenses, which helped offset weaker gross margins. This performance indicates a strong operational control and resilience in a challenging market environment.
Furthermore, PVH has adjusted its full-year EPS guidance to the higher end of its previous range, reflecting confidence in its financial outlook despite macroeconomic uncertainties. Although the fourth-quarter guidance for sales and EPS is below expectations, the company’s ability to manage tariff impacts and maintain a steady operating margin suggests a solid foundation for future growth. These factors, combined with a focus on strategic initiatives and brand engagement, underpin the Buy rating from Brooke Roach.
In another report released today, Needham also reiterated a Buy rating on the stock with a $100.00 price target.