Jefferies reiterates Buy rating on PVH stock, cites growth opportunity

Jefferies upgraded its rating on PVH Corp (NYSE:PVH) stock to Buy and set a price target of $91.00, implying a potential 16% increase from its current trading price of $78.54. Analyst Ashley Helgans retained the rating after engaging with the company, stating that PVH presents growth opportunities in sales and margins. InvestingPro analysis indicates that PVH is currently undervalued, with a Fair Value estimate of $97.87.

The meeting with PVH supported Jefferies' belief in the company's potential for increased profitability this year. The firm commended PVH's strong brand recognition and heritage, which offers an advantageous position for future growth. However, the analyst acknowledged that Europe's improvement may be more gradual, as the company capitalizes on recent direct-to-consumer successes and refines its guidance execution.

PVH recently reported its Q2 2026 earnings, exceeding market expectations with earnings per share of $3.70 compared to the estimated $3.08, and revenue of $2.1 billion, slightly surpassing the anticipated $2.09 billion. Notably, sales declined by 3%, with much of the profit growth stemming from one-time tariff refunds. UBS also reaffirmed its Buy rating on PVH stock, targeting a price of $121.00, citing the company's brand strength, strategic initiatives, and robust balance sheet as catalysts for potential long-term earnings growth.