Top 5 Luxury Clothing Stocks to Buy

In this article, we will take a look at the top 5 luxury clothing stocks to buy. To see more such companies, go directly to Top 10 Luxury Clothing Stocks to Buy.

5. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 37

New York-based PVH Corp. (NYSE:PVH) is behind some of the world’s most famous clothing brands, including Calvin Klein and Tommy Hilfiger. It also licenses top brands like Kenneth Cole New York and Michael Kors. PVH Corp. (NYSE:PVH) jumped last month after the company posted strong Q4 earnings and gave an upbeat guidance. PVH Corp. (NYSE:PVH) received bullish comments from several analysts after the quarterly report. UBS analyst Jay Sole said in his note that PVH Corp. (NYSE:PVH)’s CEO Stefan Larsson has “only just begun executing his plan to improve PVH’s profitability” and the analyst believes there are “major margin unlocks that will play out over the new few years.”

The analyst reaffirmed his Buy rating on PVH Corp. (NYSE:PVH) and a $92 price target.

Bank of America’s Christopher Nardone also gave positive comments on PVH Corp. (NYSE:PVH) with a $100 price target.

A total of 37 hedge funds tracked by Insider Monkey had stakes in PVH Corp. (NYSE:PVH) as of the end of the fourth quarter.

Longleaf Partners Fund made the following comment about PVH Corp. (NYSE:PVH) in its Q4 2022 investor letter:

“PVH Corp. (NYSE:PVH) – Apparel company PVH, which owns brands Tommy Hilfiger and Calvin Klein, is a new position that has quickly rebounded from 3Q lows after it was kicked out of the S&P 500 in September. The company reported solid revenue growth and increased guidance for the full year. PVH has repurchased shares at a 12% annualized pace, and both the CEO and CFO have bought shares personally in the second half, indicating their confidence in the company.”