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On Monday, TD Cowen analysts raised the price target for PVH Corp (NYSE:PVH) stock to $113 from $109, while keeping a Buy rating. The analysts cited positive trends in PVH’s European order book and a manageable tariff impact, with more than 75% of earnings before interest and taxes generated internationally. According to InvestingPro analysis, PVH appears undervalued at its current price of $83.77, trading at an attractive P/E ratio of 7.86x.
The analysts noted that foreign exchange impacts have improved significantly since April 1, based on spot rates, which supports potential upside to guidance. They view the low end of the company’s earnings per share guidance as conservative. This optimistic outlook aligns with InvestingPro data showing 5 analysts revising their earnings estimates upward, with the company maintaining impressive gross profit margins of 59.43%. For more detailed insights and 8 additional ProTips about PVH, check out the comprehensive Pro Research Report.
PVH’s management expects sequential improvement in European order books, with an increase in fall orders compared to the previous year. This outlook aligns with the company’s guidance for first-quarter revenue to remain flat or decrease by up to 2%.
The guidance for adjusted earnings per share in the first quarter is between $2.10 and $2.25. TD Cowen analysts estimate earnings per share at $2.28 for the same period.
In other recent news, PVH Corp has been the subject of several analyst reports and strategic developments. Needham initiated coverage on PVH Corp with a Buy rating and a price target of $115, citing underappreciated earnings per share (EPS) drivers and potential EPS accretion from internalizing licenses. UBS also reaffirmed a Buy rating, raising its price target to $150, highlighting long-term growth prospects and self-help initiatives. Meanwhile, Citi increased its price target to $94 while maintaining a Neutral rating, expecting first-quarter EPS to be slightly above consensus.
UBS further raised its price target to $160, maintaining a Buy rating based on anticipated double-digit EPS growth over the next five years. In corporate developments, PVH announced the appointment of David Savman as the new Global Brand President of Calvin Klein, succeeding Eva Serrano. Savman, who has significantly contributed to PVH’s operations and commercial strategies, will focus on enhancing Calvin Klein’s product offerings and market presence. These developments come as PVH navigates a dynamic fashion industry landscape, with analysts noting the company’s strong brand strength and financial stability.
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