From Nasdaq:

PVH Corporation (PVH) is experiencing strong growth thanks to its PVH+ Plan strategy and strong fundamentals. The company’s shares have surged 67.7% in the past three months, beating the industry’s 30.7% growth. Analysts are optimistic about the stock, with the Zacks Consensus Estimate for fiscal 2024 showing an increase in sales and earnings per share.

PVH+ Plan aims to drive growth through five main drivers, including winning with product and consumer engagement, driving digital growth, and boosting efficiencies. The company is focused on developing a demand- and data-driven operating model, reducing its workforce, and extending its license agreements with G-III Apparel Group. PVH’s international business is also witnessing solid growth.

Despite its positive prospects, PVH faces competition from companies like GIII Apparel, lululemon athletica, and Royal Caribbean, which are proving to be good investment options. GIII has a Zacks Rank #1 (Strong Buy), while lululemon athletica carries a Zacks Rank #2 (Buy), and Royal Caribbean has also shown favorable prospects. PVH remains a Zacks Rank #3 (Hold) company but is poised for growth in 2024.



Read more: Here’s Why PVH Corp (PVH) is Well-Poised for Growth in 2024