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PVH: Telsey Advisory, Cowen & Co. Raise Price Targets

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Aug. 31 2017, Updated 7:36 a.m. ET

Recent analyst actions for PVH

There were no changes in analyst ratings after PVH Corp’s (PVH) 2Q17 results. However, Telsey Advisory Group and Cowen & Co. raised their price targets for the company. Telsey Advisory raised its target price from $120 to $145, and Cowen & Co. raised it from $140 to $145.

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Wall Street’s broad view of PVH

PVH is covered by 16 Wall Street analysts, who together rate the company a 1.9 on a scale of 1.0 (“strong buy”) to 5.0 (“strong sell”).

PVH has a better rating than peers Ralph Lauren (RL), VF Corp (VFC), and Michael Kors (KORS), with ratings of 3.1, 2.6, and 3.0, respectively. Hanesbrands (HBI) has the same rating as PVH.

Recommendations

About 81.0% of the analysts covering PVH recommend a “buy” for the stock. In comparison, 76.0%, 36.0%, and 5.0% recommend a “buy” for HBI, VFC, and Ralph Lauren, respectively.

About 19.0% of analysts recommend a “hold” for PVH stock. There are no “sell” recommendations for the stock.

Credit Suisse, JPMorgan, Guggenheim, and B. Riley have “buy” ratings for PVH, while Evercore ISI has a “hold” recommendation.

Comparing target prices and gains potential

PVH Corp is currently trading at $125.90, which is ~3.5% below its 52-week high. Analysts expect the stock to touch $140.43 in the next 12 months, which would be an upside of 12.0%.

The company has a better upside than VFC or Ralph Lauren, which have upside potentials of 2.0% and 0.0%, respectively. HBI has the same upside as PVH.

ETF investors seeking to add exposure to PVH can consider the iShares Morningstar Mid-Cap Value ETF (JKI), which invests 0.64% of its portfolio in PVH.

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