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.
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”).
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.