Impact of Tax Reform on Apparel: India's new consumer tax reform reduces levies on garments under 2,500 rupees ($29) to 5%, but increases taxes on higher-priced apparel to 18%, raising concerns among global fashion brands about potential sales declines.
Concerns for Domestic and Luxury Markets: The higher tax rate could negatively affect domestic garment makers and the luxury market, as it may lead consumers to opt for cheaper alternatives, particularly impacting wedding attire and aspirational purchases among the middle class.
PVH
$72.93+Infinity%1D
Analyst Views on PVH
Wall Street analysts forecast PVH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PVH is 95.31 USD with a low forecast of 70.00 USD and a high forecast of 148.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast PVH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PVH is 95.31 USD with a low forecast of 70.00 USD and a high forecast of 148.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 74.500
Low
70.00
Averages
95.31
High
148.00
Current: 74.500
Low
70.00
Averages
95.31
High
148.00
Guggenheim
Neutral
initiated
2025-12-09
Reason
Guggenheim
Price Target
2025-12-09
initiated
Neutral
Reason
Guggenheim initiated coverage of PVH Corp. with a Neutral rating and no price target. The retail sector still seems to be perceived as "structurally sick," but the firm says "holiday brought the cheer," tariffs have been manageable so far and "most importantly and likely going unnoticed" is the fact that the majority of the firm's coverage actually operates at, or close to, their gross margin peaks.
Citi
Neutral
downgrade
$83 -> $80
2025-12-08
Reason
Citi
Price Target
$83 -> $80
2025-12-08
downgrade
Neutral
Reason
Citi lowered the firm's price target on PVH Corp. to $80 from $83 and keeps a Neutral rating on the shares.
BofA
Neutral
downgrade
$88 -> $87
2025-12-05
Reason
BofA
Price Target
$88 -> $87
2025-12-05
downgrade
Neutral
Reason
BofA lowered the firm's price target on PVH Corp. to $87 from $88 and keeps a Neutral rating on the shares. The firm increased its FY25 EPS estimate as the Q3 beat more than offsets the softer Q4 guidance relative to expectations, while lower its FY26 EPS estimate by 20c to $11.30 to reflect a softer EMEA forecast, the analyst tells investors in a post-earnings note.
Wells Fargo
Equal Weight
downgrade
$88 -> $85
2025-12-05
Reason
Wells Fargo
Price Target
$88 -> $85
2025-12-05
downgrade
Equal Weight
Reason
Wells Fargo lowered the firm's price target on PVH Corp. to $85 from $88 and keeps an Equal Weight rating on the shares. The firm cites another tough print in an equally tough EPS season. Early holiday reads on-target, but EU troubles affect Q3/Q4-to-date and create another stumble as PVH tries stabilizing the model.
About PVH
PVH Corp. is an apparel company that designs and markets branded sportswear (casual apparel), jeanswear, intimate apparel, swimwear, handbags, accessories, footwear and other related products. Its segments include Americas, Europe, the Middle East and Africa, Asia-Pacific, and Licensing. Its three main businesses include Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments; Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; and Heritage Brands, which consists of the Heritage Brands Wholesale segment. Its operations outside North America consist of wholesale sales under its owned and licensed trademarks, and retail stores operations, and digital commerce sites under its TOMMY HILFIGER and Calvin Klein trademarks. Its licensing activities include TOMMY HILFIGER and Calvin Klein trademark licensing for a broad array of product categories and for use in certain territories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
