Dallas, Texas 08/11/2014 (FINANCIALSTRENDS) – PVH Corp (NYSE:PVH) the apparel maker with its premium range of portfolios such as Calvin Klein to Bass, has in the face of recent market recovery in the US been given the thumbs-up by analysts as the company manages to show marginal growth curves.
Diverse ‘Branded’ Portfolio
It cannot be denied that the line-up of portfolio’s which PVH Corp (NYSE:PVH) holds, owns, licenses and operates are not only prestigious but include the crème of the lifestyle products and accessories segment. Besides owning IZOD, ARROW and Eagle, the brand’s licesnese to offer DKNY< Nautica, Robert Graham, US POLO ASSn, Axcess besides broad-ranging private label brands, definitely gives it the leverage to service wide range of clientele. In its latest investments, in April 2014 was the purchase of minority stake in Karl Lagerfeld BV.
The company is also engaged in the design as well as marketing of branded neck ware as well as branded dress shirts besides sportswear.
In recent quarters, despite the impressive line-up of products the sales figures failed to be impressive. However, with recovery of the US economy things appear to be on the path of change for this multi-brand owner. Analysts have come to recognize the strong growth factors in the coming factors and moved this stock to buy rating.
Oppenheimer moved the share of PVH Corp (NYSE:PVH) higher to ‘outperform’ from ‘market perform’ even as analysts at Zack remarked the apparel maker’s stock as ‘neutral’ with the price target t $117.00.
Consensus recommendation for this apparel maker is ’buy,’ indicating an exciting phase of growth for this stock, in the quarters following.