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.
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.