There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on PVH (PVH) and Crocs (CROX) with bullish sentiments.
PVH (PVH)
Guggenheim analyst Robert Drbul reiterated a Buy rating on PVH today and set a price target of $155. The company’s shares closed yesterday at $126.28.
Drbul noted:
“We expect International strength will continue, led by America, we believe PVH continues to outperform at wholesale. Digital should be a key driver (~10% of sales across channels, growing >20%), led by pure-plays. Overall, we believe PVH planned 2H conservatively (supporting gross margin gains), while marketing supports the top-line.”
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 16.7% and a 76.5% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.
PVH has an analyst consensus of Strong Buy, with a price target consensus of $168.13.
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Crocs (CROX)
Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Crocs today and set a price target of $32. The company’s shares closed yesterday at $27.35, close to its 52-week high of $28.20.
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.7% and a 54.5% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
Crocs has an analyst consensus of Moderate Buy, with a price target consensus of $27.
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