Recent analyst actions on PVH
As we’ve discussed in this series, PVH (PVH) reported better-than-expected first-quarter results on May 30. While analysts didn’t change their ratings for PVH after the results, a few raised their price targets, including:
- Citigroup (to $179 to $174)
- Telsey Advisory (to $185 from $170)
- JPMorgan Chase (to $180 from $175)
- Buckingham Research (to $188 from $187)
The company currently has an average price target of $173.19, reflecting a 9% upside over the next 12 months. It is currently trading at $158.96, ~3% below its 52-week high.
Wall Street’s views on PVH
PVH is tracked by 17 analysts, who together rate the company 1.8 on a scale of 1 (strong buy) to 5 (strong sell). It has a better rating than most other peers, including Ralph Lauren (RL) (2.9), VF (VFC) (2.3), and Michael Kors (KORS) (2.5).
Of the analysts covering PVH, 88% recommend “buy,” and 12% recommend “hold.” In comparison, 44%, 57%, and 22% of the analysts covering HBI, VFC, and Ralph Lauren recommend “buy.”
Deutsche Bank, Barclays, and Credit Suisse recommend “buy,” while Bernstein and Instinet recommend “hold.” Investors seeking exposure to PVH could consider the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF), which invests 2.6% of its portfolio in the company.