This PVH Analyst Believes Investor Concerns Are Overdone: 'Better Trends Are Encouraging'
This PVH Analyst Believes Investor Concerns Are Overdone: 'Better Trends Are Encouraging'
Shares of PVH Corp (NYSE:PVH) were climbing on Monday, after last month's steep decline.
The sell-off in the company's stock following the release of quarterly earnings last month offers a "buying opportunity," according to Wedbush.
The PVH Analyst: Tom Nikic upgraded the rating for PVH from Neutral to Outperform, while raising the price target from $113 to $128.
The PVH Thesis: While investors were disappointed by the company's guidance for flat margins in full-year 2024, it has the opportunity to expand its margins by "hundreds of bps" going ahead, Nikic said in the upgrade note.
Check out other analyst stock ratings.
PVH has cost-efficiency tailwinds of 200 to 300 basis points (bps) over the next one to three years, irrespective of the sales trends, while "there's optionality if they're able to achieve sales leverage," he stated.
"While much of the focus post-Q4 was on the slowdown in Europe...North American DTC growth accelerated to +HSD during the key Holiday shopping period in Q4, from +LSD in Q3," the analyst wrote. "The brands still haven't fully recovered domestically from the COVID-19 pandemic (FY23 ~20% below FY19), so better trends in North America are encouraging to us," he added.
PVH Price Action: Shares of PVH had risen by 2.48% to $108.21 at the time of publication on Monday.
Image: Shutterstock
Shares of PVH Corp (NYSE:PVH) were climbing on Monday, after last month's steep decline.
繼上個月急劇下跌之後，PVH Corp（紐約證券交易所代碼：PVH）的股價週一攀升。
The sell-off in the company's stock following the release of quarterly earnings last month offers a "buying opportunity," according to Wedbush.
Wedbush表示，在上個月公佈季度業績後，該公司股票的拋售提供了 “買入機會”。
The PVH Analyst: Tom Nikic upgraded the rating for PVH from Neutral to Outperform, while raising the price target from $113 to $128.
PVH分析師：湯姆·尼基奇將PVH的評級從中性上調至跑贏大盤，同時將目標股價從113美元上調至128美元。
The PVH Thesis: While investors were disappointed by the company's guidance for flat margins in full-year 2024, it has the opportunity to expand its margins by "hundreds of bps" going ahead, Nikic said in the upgrade note.
PVH論點：尼基奇在升級報告中表示，儘管投資者對該公司2024年全年利潤率持平的預期感到失望，但該公司有機會在未來將其利潤率擴大 “數百個點子”。
Check out other analyst stock ratings.
查看其他分析師股票評級。
PVH has cost-efficiency tailwinds of 200 to 300 basis points (bps) over the next one to three years, irrespective of the sales trends, while "there's optionality if they're able to achieve sales leverage," he stated.
他說，無論銷售趨勢如何，PVH在未來一到三年內都有200至300個點子（bps）的成本效益優勢，而 “如果他們能夠實現銷售槓桿作用，則有選擇餘地”。
"While much of the focus post-Q4 was on the slowdown in Europe...North American DTC growth accelerated to +HSD during the key Holiday shopping period in Q4, from +LSD in Q3," the analyst wrote. "The brands still haven't fully recovered domestically from the COVID-19 pandemic (FY23 ~20% below FY19), so better trends in North America are encouraging to us," he added.
該分析師寫道：“儘管第四季度後的大部分焦點都集中在歐洲經濟放緩上... 但在第四季度的關鍵假日購物時期，北美的DTC增長從第三季度的+LSD加速至+ HSD。”他補充說：“這些品牌在國內仍未從 COVID-19 疫情中完全恢復過來（23財年比2019財年低約20％），因此北美的改善趨勢令我們感到鼓舞。”
PVH Price Action: Shares of PVH had risen by 2.48% to $108.21 at the time of publication on Monday.
PVH價格走勢：週一發佈時，PVH的股價上漲了2.48％，至108.21美元。
Image: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。
風險及免責聲明
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能，分享給你的好友吧