Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
NEW YORK - PVH Corp. (NYSE:PVH), the parent company of iconic fashion labels including Calvin Klein and Tommy Hilfiger, announced the appointment of David Savman as the new Global Brand President of Calvin Klein. Savman, who joined PVH in 2022, will be taking over from Eva Serrano, who has been pivotal in unifying the Calvin Klein brand under a global vision. Serrano will continue her association with the company as an advisor till the end of the year to ensure a smooth transition. The leadership change comes as PVH, currently valued at $3.75 billion, maintains impressive gross profit margins of 59.4%. According to InvestingPro analysis, the company appears undervalued at current market prices, suggesting potential upside for investors.
As the current Global Head of Operations and Chief Supply Chain Officer, Savman has made significant contributions to the company by enhancing its operations and commercial strategies. His tenure also includes a stint as the interim CEO for PVH Europe in 2024, during which he was instrumental in repositioning the brand for growth. He will maintain his role in operations until a successor is named. With annual revenue of $8.65 billion and management actively buying back shares (as highlighted in InvestingPro’s analysis), the company demonstrates strong operational execution and shareholder-friendly policies.
Stefan Larsson, Chief Executive Officer of PVH, expressed gratitude towards Serrano for her critical role in the brand’s evolution and has confidence in Savman’s leadership to leverage Calvin Klein’s iconic brand identity. Savman’s focus will be on strengthening the brand’s product offerings, marketing, and marketplace presence.
Savman expressed his enthusiasm for leading Calvin Klein, emphasizing the brand’s potential to enhance its desirability and relevance for future generations. Serrano also shared her pride in the brand’s journey and its established platform for continued growth.
PVH Corp. stands as one of the world’s largest fashion companies, with a history spanning over 140 years. It has a significant global presence, operating in more than 40 countries.
The announcement is based on a press release statement and comes with the usual forward-looking statements disclaimer, cautioning investors of the inherent risks and uncertainties in such predictions. This includes potential changes in company strategies, objectives, and the realization of anticipated benefits and savings from restructuring plans.
The news of Savman’s appointment comes at a time when the fashion industry is witnessing a dynamic shift towards unified global branding and streamlined operations, with PVH Corp. positioning itself to adapt and thrive in this evolving market landscape. Trading at a modest P/E ratio of 6.7x and showing strong financial health metrics, PVH presents an interesting opportunity for value investors. For deeper insights into PVH’s valuation and growth prospects, including 10+ additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, PVH Corp reported better-than-expected earnings for the first quarter of 2025, with earnings per share (EPS) of $3.27 surpassing the forecast of $3.24. The company’s revenue reached $2.37 billion, slightly above the anticipated $2.34 billion, highlighting strong financial performance amidst challenging market conditions. UBS analyst Jay Sole reaffirmed a Buy rating with a $160 price target, citing PVH’s brand strength and potential for earnings growth under CEO Stefan Larsson’s leadership. Sole predicts a double-digit compound annual growth rate in EPS over the next five years, supported by strategic initiatives to enhance profitability. Citi analysts, led by Paul Lejuez, raised the PVH stock price target to $83 from $72, maintaining a Neutral rating due to risks associated with the Chinese market and potential tariffs. Despite a slowdown in sales trends in February, PVH’s performance stabilized, with management projecting a low double-digit sales decline in China for fiscal year 2025. The company also plans to accelerate its share repurchase program, reflecting confidence in its strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.