PVH Corp. (NYSE) is a global apparel industry leader that owns well-known brands like Calvin Klein and Tommy Hilfiger. The company designs and markets a wide range of clothing and accessories worldwide. It operates in a competitive fashion market, facing challenges from other major fashion houses and changing consumer spending habits.
On June 5, 2026, Goldman Sachs (NYSE) maintained its "Buy" rating for PVH. A "Buy" rating suggests the analyst believes the stock's price will increase. However, the firm lowered its price target, which is an analyst's projection of a stock's future price, to $87.00 from a previous target of $93.00.
The lower price target follows PVH's decision to reduce its full-year revenue outlook. As highlighted by Invezz, the company now expects revenue to be flat instead of showing slight growth. This change is due to weaker consumer demand in Europe, the Middle East, and Africa, causing shares to drop more than 22%.
Despite the negative market outlook, the "Buy" rating is supported by strong recent financial performance. PVH's first-quarter sales increased 2% year over year to $2.03 billion, beating estimates. This growth was driven by its direct-to-consumer business, which included a 5% rise in store sales and an 11% increase in digital commerce.
While cutting its sales forecast, PVH reaffirmed its full-year earnings per share (EPS) guidance in the range of $11.80 to $12.10. This indicates the company expects to maintain its profitability. At the time of the rating update, PVH stock was trading at $78.16, below the new $87.00 price target.
