What Wall Street Thinks of PVH Corp Now

PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.

Sonya Bells - Author
By

Aug. 17 2017, Updated 7:36 a.m. ET

uploads///

PVH’s stock returns versus peers

Strong financial results and continual earnings beats have boosted PVH Corporation’s (PVH) stock price. The company is among the best-performing branded apparel stocks this year and is currently looking YTD (year-to-date) gains of 37%.

PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains. Handbag maker Coach (COH) has also delivered solid YTD returns of 35%, anchored mainly by its strong quarterly results.

PVH is the best performer of the seven companies in the S&P 500 Apparel and Accessories Index, which is up 9.5% YTD. The company has also outperformed S&P 500 Index (SPX), which is also up more than 9% YTD.

Article continues below advertisement
Article continues below advertisement

Wall Street on PVH Corp

Besides being the best performing apparel stock, PVH is also among the best-rated apparel companies. The company has a rating of 1.8 on a scale of 1.0 (“strong buy”) to 5.0 (“strong sell”). By comparison, RL, VFC, KORS, and Coach have ratings of 3.1, 2.6, 3.0, and 2.0, respectively.

Of the 16 Wall Street analysts covering PVH, 81% recommend a “buy” for the stock, while 19% suggest a “hold.” There are no “sell” recommendations for the stock.

Credit Suisse, J.P. Morgan, and B. Riley have all given “buy” ratings on the stock, and Evercore ISI Group suggests a “hold.”

ETF investors seeking to add exposure to PVH can consider the PowerShares S S&P 500 High Beta Portfolio (SPHB), which invests ~1.2% of its portfolio in PVH.

Advertisement

Latest PVH Corp News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.