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PVH
(NYSE:PVH)
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Rating:65Neutral
Price Target:
$95.00
â–²(18.14% Upside)
Action:Reiterated
Date:08/06/26
PVH scores moderately due to mixed fundamentals: strong cash flow and revenue momentum are offset by materially weaker profitability/returns and a leveraged but workable balance sheet. Technicals are a key positive with clear upward trend strength, while valuation is only fair given a ~26 P/E. The latest earnings call adds a balanced outlook—EPS/margin targets reaffirmed (aided by tariff refunds) but near-term demand and cost headwinds (EMEA conflict impacts, wholesale softness, higher SG&A) limit upside.
Positive Factors
Strong free cash flow generation
PVH’s recurring operating cash flow (~$705M TTM) and solid free cash flow (~$551M TTM) provide durable internal funding for capex, buybacks and dividends, improving optionality for deleveraging and strategic investment without overreliance on external financing.
Negative Factors
Compressed profitability margins
Despite top-line growth, net margins are very low (~1.8% TTM) and have compressed versus prior years. Persistently thin net margins reduce retained earnings, constrain reinvestment and make earnings highly sensitive to cost, tariff and demand shocks over a multi-quarter horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
PVH’s recurring operating cash flow (~$705M TTM) and solid free cash flow (~$551M TTM) provide durable internal funding for capex, buybacks and dividends, improving optionality for deleveraging and strategic investment without overreliance on external financing.
Read all positive factors
PVH (PVH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.80B
Dividend Yield0.18%
Average Volume (3M)933.88K
Price to Earnings (P/E)24.8
Beta (1Y)1.03
Revenue Growth3.54%
EPS Growth-55.30%
CountryUS
Employees26,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)3.33
Shares Outstanding46,108,093
10 Day Avg. Volume854,666
30 Day Avg. Volume933,879
Financial Highlights & Ratios
PEG Ratio-1.25
Price to Book (P/B)0.62
Price to Sales (P/S)0.33
P/FCF Ratio5.52
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$88.30Price Target Upside9.81% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)12.03
Revenue Forecast (FY)$8.90B
PVH Business Overview & Revenue Model
Company Description
PVH Corp. is a global apparel company that designs, markets, and sells branded lifestyle clothing and accessories. The company operates in the consumer discretionary sector, with a focus on building and managing internationally recognized fashion ...
How the Company Makes Money
PVH makes money primarily by selling branded apparel and accessories through two main go-to-market models: wholesale and direct-to-consumer (DTC). (1) Wholesale revenue: PVH sells products to third-party retailers and distributors (e.g., departmen...
PVH Earnings Call Summary
Earnings Call Date:Jun 03, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: solid execution on the PVH+ plan with clear D2C and e-commerce momentum, stable gross margins despite tariff headwinds, inventory improvement and brand/campaign wins. However, material near-term headwinds from the prolonged Middle East conflict are forcing a reduced EMEA outlook, weakening wholesale demand and creating SG&A deleverage in the near term. Tariff refunds materially help the margin profile and management has reaffirmed operating margin and EPS targets, but revenue guidance was moderated and Q2 is expected to be the most impacted period. Overall, positives around underlying brand and D2C momentum are balanced by meaningful macro and channel pressures.Positive Updates
Met Guidance and EPS Beat
Delivered on guidance across key metrics for Q1 and reported EPS of $2.01, above plan. Reaffirmed full-year EPS range of $11.80 to $12.10 and maintained operating margin outlook (~8.8% full year). Q1 operating margin was 6.5% (top end of non-GAAP guidance).
Negative Updates
EMEA Headwinds from Middle East Conflict
Prolonged conflict in the Middle East materially impacted EMEA: Q1 EMEA revenue was up 2% reported but down 5% constant currency. Management expects EMEA revenue to decline mid-single digits in constant currency for the year and the conflict will meaningfully pressure wholesale, Turkey and broader European consumer demand (traffic to stores notably down).
Read all updates
Q1-2026 Updates
Positive
Negative
Met Guidance and EPS Beat
Delivered on guidance across key metrics for Q1 and reported EPS of $2.01, above plan. Reaffirmed full-year EPS range of $11.80 to $12.10 and maintained operating margin outlook (~8.8% full year). Q1 operating margin was 6.5% (top end of non-GAAP guidance).
Read all positive updates
Company Guidance
PVH updated 2026 guidance, now forecasting full‑year revenue approximately flat (constant currency down slightly) with an operating margin of ~8.8% and EPS of $11.80–$12.10; full‑year gross margin is expected up ~100 basis points (including an approx. $100M / ~100 bps benefit from tariff refunds to be recognized in Q2) while maintaining a blended tariff rate assumption of ~15% (≈$195M gross tariff cost, ~215 bps headwind pre‑refund). For Q2 the company guides revenue down 3–4% reported (down 4–5% CC), EPS $3.00–$3.10, gross margin up ~470 bps YoY (driven by the tariff refund) and SG&A as a percent of revenue up >300 bps (including ~100 bps higher marketing); full‑year SG&A is expected to be up ~100 bps and marketing to increase at least 50 bps to ~6% of sales. Below the line, interest expense is now expected at ~ $75M for the year (~$18M in Q2), tax guidance unchanged, capex ~ $250M and at least $300M of share repurchases planned. (For context, Q1 results underpinning the outlook included $2.0B revenue (+2% reported, -2% CC), 6.5% operating margin, EPS $2.01, 58.6% gross margin and inventory down 5% YoY.)PVH Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.99B | 8.95B | 8.65B | 9.22B | 9.02B | 9.15B |
| Gross Profit | 5.17B | 5.15B | 5.11B | 5.35B | 5.09B | 5.32B |
| EBITDA | 962.40M | 517.80M | 1.08B | 1.24B | 779.30M | 1.39B |
| Net Income | 158.10M | 25.30M | 598.50M | 663.60M | 200.40M | 952.30M |
Balance Sheet | ||||||
| Total Assets | 11.34B | 11.68B | 11.03B | 11.17B | 11.77B | 12.40B |
| Cash, Cash Equivalents and Short-Term Investments | 592.50M | 701.50M | 748.00M | 707.60M | 550.70M | 1.24B |
| Total Debt | 4.22B | 4.30B | 3.39B | 3.53B | 3.83B | 3.95B |
| Total Liabilities | 6.45B | 6.89B | 5.89B | 6.05B | 6.76B | 7.11B |
| Stockholders Equity | 4.89B | 4.79B | 5.14B | 5.12B | 5.01B | 5.29B |
Cash Flow | ||||||
| Free Cash Flow | 550.50M | 538.40M | 582.20M | 724.70M | -250.90M | 803.30M |
| Operating Cash Flow | 705.30M | 680.40M | 740.90M | 969.40M | 39.20M | 1.07B |
| Investing Cash Flow | -154.40M | -140.10M | -137.70M | -85.10M | -278.20M | -45.00M |
| Financing Cash Flow | -163.40M | -605.70M | -550.40M | -721.80M | -428.20M | -1.40B |
PVH Technical Analysis
Neutral
80.41
Price Trends
80.07
Positive
83.20
Negative
76.70
Positive
Market Momentum
0.96
Positive
48.03
Neutral
7.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PVH, the sentiment is Neutral. The current price of 80.41 is below the 20-day moving average (MA) of 84.18, above the 50-day MA of 80.07, and above the 200-day MA of 76.70, indicating a neutral trend. The MACD of 0.96 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 7.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PVH.
PVH Risk Analysis
PVH disclosed 68 risk factors in its most recent earnings report. PVH reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PVH Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $23.15B | 24.05 | 35.64% | 1.00% | 14.68% | 26.22% | |
70 Outperform | $8.68B | 13.83 | 28.66% | 2.36% | 4.34% | 20.99% | |
68 Neutral | $4.64B | 17.54 | 45.96% | 2.53% | 15.62% | 6.80% | |
67 Neutral | $2.94B | 14.88 | 12.58% | 1.93% | -0.22% | -2.10% | |
65 Neutral | $3.80B | 24.77 | 3.25% | 0.19% | 3.54% | -55.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | $5.85B | 21.24 | 15.95% | 2.11% | -0.16% | 212.77% |
* Consumer Cyclical Sector Average
PVH
PVH
82.47
6.37
8.37%
COLM
Columbia Sportswear
57.42
4.77
9.05%
RL
Ralph Lauren
388.92
102.35
35.72%
VFC
VF
14.87
2.02
15.71%
LEVI
Levi Strauss & Co
22.55
2.05
9.99%
KTB
Kontoor Brands
84.90
15.33
22.03%
PVH Corporate Events
Business Operations and StrategyDividends
PVH Declares Quarterly Dividend, Reinforcing Capital Discipline
Positive
Aug 5, 2026
On August 5, 2026, PVH Corp.’s Executive Committee of the Board of Directors declared a quarterly cash dividend of $0.0375 per share on the company’s common stock. The dividend is scheduled to be paid on September 23, 2026 to sharehold...
Business Operations and StrategyExecutive/Board Changes
PVH appoints new Chief Financial Officer Alexis Rollier
Positive
Jul 15, 2026
On July 14, 2026, PVH Corp. announced that Alexis Rollier, a seasoned executive with more than 30 years of global finance, operations and omni-channel retail experience, will join the company in early September 2026 as Executive Vice President and...
Business Operations and StrategyPrivate Placements and Financing
PVH Secures New Multicurrency Credit Facilities Agreement
Positive
Jun 29, 2026
On June 24, 2026, PVH Corp. and its Dutch subsidiary PVH B.V. entered into a new credit agreement that provides a €400 million euro-denominated term loan A facility and a US$1.5 billion multicurrency revolving credit facility, replacing a pr...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
PVH shareholders approve expanded equity incentive plan
Positive
Jun 24, 2026
At its June 18, 2026 annual meeting, PVH stockholders approved amendments to the company’s Stock Incentive Plan, adding 1,068,000 shares to the pool available for equity awards and increasing the share-counting factor for full-value awards g...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.