Christopher Nardone, an analyst from Bank of America Securities, maintained the Hold rating on PVH (PVH – Research Report). The associated price target remains the same with $92.00.
Christopher Nardone has given his Hold rating due to a combination of factors influencing PVH’s current financial situation and future outlook. Despite PVH’s fourth-quarter earnings surpassing expectations, driven by higher sales, there are concerns about increased selling, general, and administrative expenses. The company’s sales guidance for the upcoming fiscal year suggests flat to modest growth, with operating margins expected to remain stable or slightly expand, which aligns with market expectations.
Additionally, while PVH’s earnings per share guidance is slightly better than anticipated, the uncertain consumer environment and risks associated with margin recovery in the second half of 2025 contribute to a cautious outlook. The announcement of a $500 million accelerated share repurchase program, which will repurchase a significant portion of the company’s stock, indicates management’s confidence but also involves raising debt, adding another layer of complexity. These elements combined lead to a Hold rating, reflecting both potential opportunities and existing uncertainties.
In another report released on March 26, Citi also maintained a Hold rating on the stock with a $72.00 price target.
PVH’s price has also changed moderately for the past six months – from $100.830 to $64.640, which is a -35.89% drop .