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Investing.com - UBS has reiterated its Buy rating on PVH Corp (NYSE:PVH) with a price target of $148.00, expressing continued bullishness on the company’s long-term earnings growth potential. This target represents an 81% upside from the current price of $81.69. InvestingPro analysis indicates PVH is currently undervalued, trading at an attractive P/E ratio of just 9.1.
The investment firm cited PVH’s ongoing self-help initiatives as key drivers for future earnings growth, though it expects only a modest third-quarter earnings beat of $2.54 per share versus the consensus estimate of $2.53. With earnings scheduled for December 3rd, just 8 days away, investors should note that InvestingPro data shows PVH has remained profitable over the last twelve months with diluted EPS of $8.85.
UBS anticipates PVH will maintain its fiscal year 2025 guidance, noting that the company already reiterated both its third-quarter and full-year revenue and adjusted EPS guidance on November 18.
The firm acknowledged challenges from a choppy macroeconomic environment, particularly in Europe, which could impact near-term performance despite the positive long-term outlook.
UBS expects less volatility around the upcoming earnings announcement than the 9.1% move currently priced into options, compared to PVH’s historical average earnings day movement of 6.5%.
In other recent news, PVH Corp. announced that its Chief Financial Officer, Zac Coughlin, will leave the company by the end of 2025, with Melissa Stone stepping in as Interim CFO. Additionally, the company’s Board of Directors declared a quarterly cash dividend of $0.0375 per share, payable on December 17, 2025, to shareholders of record as of November 26, 2025. BTIG initiated coverage on PVH Corp. with a Buy rating, highlighting growth prospects and margin expansion potential. Patricia Gabriel has been appointed as the new Chief Supply Chain Officer and Global Head of Operations, succeeding David Savman. UBS also raised its price target for PVH to $148 from $146, maintaining a Buy rating and pointing to the company’s brand strength and balance sheet as drivers for future earnings growth. These developments reflect PVH’s ongoing strategic adjustments and financial outlook amid broader economic conditions.
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