PVH Corp (PVH)
NYSE:PVH
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PVH
(NYSE:PVH)
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Rating:64Neutral
Price Target:
$74.00
▲(11.36% Upside)
Action:ReiteratedDate:02/20/26
The score is driven primarily by mid-range financial quality due to margin compression and inconsistent cash-flow trends despite stable leverage. Valuation is a key support with a low P/E, while technicals are mixed (improving short-term momentum but weaker longer-term trend and stretched stochastics). Earnings-call messaging was moderately positive with guidance strength and cost efficiencies, tempered by Europe weakness and tariff/operational headwinds.
Positive Factors
Iconic brand portfolio & multi-channel model
PVH's ownership of strong, globally recognized brands and a mix of wholesale, direct-to-consumer and licensing channels provides durable pricing power, portfolio diversification and resilience versus single-brand or single-channel competitors over a multi-quarter horizon.
Negative Factors
Net margin compression & earnings volatility
Net margin compression and multi-year earnings volatility reflect weaker operating leverage and rising costs. This reduces reinvestment capacity and returns to shareholders, and creates execution dependence on cost programs to restore historical profitability over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Iconic brand portfolio & multi-channel model
PVH's ownership of strong, globally recognized brands and a mix of wholesale, direct-to-consumer and licensing channels provides durable pricing power, portfolio diversification and resilience versus single-brand or single-channel competitors over a multi-quarter horizon.
Read all positive factors
PVH (PVH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.04B
Dividend Yield0.22%
Average Volume (3M)859.56K
Price to Earnings (P/E)215.9
Beta (1Y)0.82
Revenue Growth0.52%
EPS Growth-45.80%
CountryUS
Employees16,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)2.83
Shares Outstanding45,802,696
10 Day Avg. Volume1,030,820
30 Day Avg. Volume859,558
Financial Highlights & Ratios
PEG Ratio-4.80
Price to Book (P/B)0.98
Price to Sales (P/S)0.58
P/FCF Ratio8.62
Enterprise Value/Market Cap2.40
Enterprise Value/Revenue0.83
Enterprise Value/Gross Profit1.44
Enterprise Value/Ebitda8.15
Forecast
1Y Price Target
$91.00Price Target Upside36.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)11.83
Revenue Forecast (FY)$9.03B
PVH Business Overview & Revenue Model
Company Description
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Herit...
How the Company Makes Money
PVH generates revenue primarily through the sales of its branded products across multiple segments. The company operates on a multi-channel revenue model that includes wholesale distribution to department stores and specialty retailers, direct-to-...
PVH Earnings Call Summary
Earnings Call Date:Dec 03, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 31, 2026
Earnings Call Sentiment Neutral
The earnings call reflected both achievements and challenges. While PVH exceeded its guidance and saw strong performance in APAC and digital channels, it faced revenue declines in Europe, tariff impacts, and operational challenges. Marketing efforts showed positive results, but licensing revenue declined.Positive Updates
Exceeded Guidance in Q3 2025
PVH exceeded its guidance across reported revenue, operating profit, and EPS for the third quarter of 2025.
Negative Updates
Revenue Decline in Europe
Revenue in Europe declined low single digits in constant currency due to muted consumer activity and delays related to Calvin Klein's product challenges.
Read all updates
Q3-2025 Updates
Positive
Negative
Exceeded Guidance in Q3 2025
PVH exceeded its guidance across reported revenue, operating profit, and EPS for the third quarter of 2025.
Read all positive updates
Company Guidance
During the PVH Third Quarter 2025 Earnings Call, the company provided guidance on several financial metrics. For the third quarter, PVH exceeded guidance across reported revenue, operating profit, and EPS, with total revenue reaching $2.3 billion, down less than 1% in constant currency. Direct-to-consumer revenue also declined by 1% in constant currency, offset by a 1% growth in wholesale revenue. The company reaffirmed its full-year constant currency revenue and operating margin outlook, narrowing its reported revenue and non-GAAP EPS outlook to the high end of previous ranges. The report highlighted the impact of tariffs in North America, contributing to a 3% increase in inventory levels. PVH also reported successful marketing campaigns and product innovations, particularly with Calvin Klein and Tommy Hilfiger brands, which drove significant consumer engagement and sales growth in key categories like underwear and denim. The company plans to continue leveraging its PVH+ Plan to drive growth, cut costs, and expand its market presence globally.PVH Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
59
Neutral
| Breakdown | TTM | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.82B | 8.65B | 9.22B | 9.02B | 9.15B | 7.13B |
| Gross Profit | 5.06B | 5.11B | 5.35B | 5.09B | 5.32B | 3.76B |
| EBITDA | 895.30M | 967.80M | 1.25B | 1.20B | 1.28B | 276.50M |
| Net Income | 340.80M | 598.50M | 663.60M | 200.40M | 952.30M | -1.14B |
Balance Sheet | ||||||
| Total Assets | 11.42B | 11.03B | 11.17B | 11.77B | 12.40B | 13.29B |
| Cash, Cash Equivalents and Short-Term Investments | 158.20M | 748.00M | 707.60M | 550.70M | 1.24B | 1.65B |
| Total Debt | 4.26B | 3.39B | 3.53B | 3.83B | 3.95B | 5.41B |
| Total Liabilities | 6.54B | 5.89B | 6.05B | 6.76B | 7.11B | 8.56B |
| Stockholders Equity | 4.88B | 5.14B | 5.12B | 5.01B | 5.29B | 4.73B |
Cash Flow | ||||||
| Free Cash Flow | 441.90M | 582.20M | 724.70M | -250.90M | 803.30M | 471.10M |
| Operating Cash Flow | 583.70M | 740.90M | 969.40M | 39.20M | 1.07B | 697.70M |
| Investing Cash Flow | -137.40M | -137.70M | -85.10M | -278.20M | -45.00M | -59.10M |
| Financing Cash Flow | -849.60M | -550.40M | -721.80M | -428.20M | -1.40B | 477.40M |
PVH Technical Analysis
Neutral
66.45
Price Trends
65.25
Positive
69.91
Negative
73.62
Negative
Market Momentum
-0.40
Negative
56.50
Neutral
90.05
Negative
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 66.45 is above the 20-day moving average (MA) of 64.68, above the 50-day MA of 65.25, and below the 200-day MA of 73.62, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 56.50 is Neutral, neither overbought nor oversold. The STOCH value of 90.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PVH.
PVH Risk Analysis
PVH disclosed 34 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.72B | 15.01 | 45.05% | 3.36% | 9.90% | -12.67% | |
69 Neutral | $20.95B | 15.13 | 34.74% | 0.93% | 12.32% | 29.40% | |
64 Neutral | $3.04B | 215.89 | 6.99% | 0.22% | 0.52% | -45.80% | |
63 Neutral | $2.87B | 17.00 | 10.53% | 2.18% | 2.76% | -7.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $7.15B | 15.25 | 27.00% | 2.58% | -1.23% | 109.67% | |
53 Neutral | $6.47B | 6.01 | 14.79% | 1.95% | -3.12% | ― |
* Consumer Cyclical Sector Average
PVH
PVH
66.45
-0.01
-0.02%
COLM
Columbia Sportswear
54.84
-20.30
-27.01%
RL
Ralph Lauren
333.64
111.29
50.05%
VFC
VF
16.53
0.44
2.71%
LEVI
Levi Strauss & Co
18.30
2.77
17.81%
KTB
Kontoor Brands
67.32
3.76
5.92%
PVH Corporate Events
Dividends
PVH Declares Quarterly Cash Dividend, Signaling Stability
Positive
Feb 4, 2026
On February 4, 2026, PVH Corp.’s Executive Committee of the Board of Directors declared a quarterly cash dividend of $0.0375 per share on its common stock, payable on March 25, 2026 to shareholders of record as of March 4, 2026, signaling th...
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.