PVH: UBS Maintains Buy, Raises PT to $148 from $146

PVH: UBS Maintains Buy, Raises PT to $148 from $146

PVH Corp. (PVH) received a positive boost from UBS analyst Jay Sole, who maintained a Buy rating and raised the price target for PVH shares to $148 from $146. This decision comes after the company reported better-than-expected second-quarter financial results, which included a 4% revenue growth and an adjusted earnings per share (EPS) of $2.52, surpassing analyst estimates [2].

The positive outlook from UBS is a reflection of PVH's strong performance in the second quarter. The company's revenue grew to $2.17 billion, driven by the success of its Calvin Klein and Tommy Hilfiger brands. Despite the challenges of tariffs and higher freight costs, PVH managed to deliver a 57.7% gross margin, albeit slightly lower than the previous year's 60.1% [1].

PVH's CEO, Stefan Larsson, highlighted the company's disciplined execution of its PVH+ Plan, which focuses on leveraging the iconic brand strength of Calvin Klein and Tommy Hilfiger. The company also reaffirmed its fiscal year 2025 EPS outlook of $10.75 to $11, with a revenue forecast of low single-digit growth [1].

UBS's positive sentiment is also echoed by other analysts. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating and raised the price target to $95 [2]. Despite the near-term stock weakness, PVH's longer-term trajectory shows resilience, with a 48.52% five-year return [1].

Investors should continue to monitor PVH's progress as it navigates through macroeconomic uncertainty and focuses on long-term growth initiatives. The company's ability to manage margin pressures and maintain brand desirability will be key factors in determining its future performance.

References:
[1] https://coincentral.com/pvh-corp-pvh-stock-q2-earnings-beat-with-revenue-growth-outlook-raised/
[2] https://www.benzinga.com/analyst-stock-ratings/price-target/25/08/47386335/pvh-analysts-boost-their-forecasts-after-upbeat-q2-results