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Investing.com - Jefferies has raised its price target on PVH Corp (NYSE:PVH) to $95.00 from $93.00 while maintaining a Buy rating on the stock. According to InvestingPro data, PVH currently trades at $81.73, with analyst targets ranging from $70 to $148.
The firm noted that PVH posted solid results for the second quarter and maintained its full-year earnings per share guidance. InvestingPro analysis shows the company has maintained dividend payments for 55 consecutive years, while management has been actively buying back shares.
Jefferies observed that the stock reversal reflects recent momentum and more-than-expected third-quarter pressure from marketing investments.
The firm indicated that while sales initiatives are showing important progress, more margin visibility and consistent execution will be required for a fuller recovery.
Jefferies continues to see meaningful valuation upside opportunity at the current price-to-earnings ratio of less than 7x, and intrinsic value support, especially if shares decline to below $70.
In other recent news, PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has reported impressive financial results for the second quarter of 2025, exceeding Wall Street expectations. The company announced earnings per share of $2.52, which was significantly higher than the anticipated $2.00, marking a 26% surprise. Revenue also surpassed forecasts, reaching $2.17 billion compared to the expected $2.12 billion, representing a 2.36% surprise. These results indicate strong performance and have likely contributed to investor confidence. Additionally, PVH Corp’s stock experienced a notable increase in pre-market trading following the announcement. The earnings figures highlight the company’s ability to outperform projections, which is crucial information for investors. This development is part of a series of recent updates from the company.
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