PVH (PVH) AI Stock Analysis

• Market Cap: $3.05B
• Dividend Yield: 0.22%
• Average Volume (3M): 864.26K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 0.83
• Revenue Growth: 0.52%
• EPS Growth: -45.80%
• Country: US
• Employees: 16,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 2.83
• Shares Outstanding: 45,802,696
• 10 Day Avg. Volume: 692,735
• 30 Day Avg. Volume: 864,258
• PEG Ratio: -4.80
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 8.62
• Enterprise Value/Market Cap: 2.39
• Enterprise Value/Revenue: 0.83
• Enterprise Value/Gross Profit: 1.43
• Enterprise Value/Ebitda: 15.19
• 1Y Price Target: $94.57
• Price Target Upside: 42.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 11.9
• Revenue Forecast (FY): $9.03B

• Rating: 64 Neutral
• Price Target: $74.00 ▲(11.13% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 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.

Digital & APAC growth

Outperformance in APAC and expanding direct-to-consumer/digital sales are structural positives: DTC/digital typically command higher margins and faster data-driven assortment optimization, supporting sustainable top-line growth and margin mix improvement over 2–6 months.

Positive cash generation capacity

PVH generates positive operating and free cash flow that funds operations, reinvestment and shareholder returns. While FCF has softened, its ability to cover most net income underpins financial flexibility and supports strategic execution over coming quarters.

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.

Europe demand and product delays

Sustained softness in Europe and product-related delays create structural top-line pressure in a major region. Prolonged muted consumer activity or recurring assortment issues could constrain global revenue diversification and recovery over the medium term.

Licensing transition and execution risk

Bringing categories in-house drives short-term licensing revenue declines and adds execution, inventory and assortment risk. If integration or assortment execution lags, the shift can depress near-term revenue and margin mix while benefits accrue only over a longer horizon.

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 Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products. The company offers its products under its own brands, such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, ARROW, Warner's, Olga, Geoffrey Beene, and True&Co., as well as various other owned, licensed, and private label brands. It also licenses its own brands over various products. The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations, as well as through digital commerce sites. It markets its products to approximately 40 countries. PVH Corp. was founded in 1881 and is based in New York, New York.

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-consumer sales through owned retail stores and e-commerce platforms, and licensing agreements that allow third parties to produce and sell products under its brands. Key revenue streams include apparel sales, which encompass men's, women's, and children's clothing, as well as accessories and footwear. Significant partnerships with retailers and e-commerce platforms enhance distribution and brand visibility, while global licensing agreements contribute additional income. The company also benefits from a strategic focus on international markets, particularly in Europe and Asia, where it has expanded its brand reach and consumer base.

PVH Financial Statement Overview

Summary

Revenue has rebounded and gross margins remain healthy, but net margin has compressed materially versus prior years and both earnings and free-cash-flow have been volatile (including a shrinking TTM free cash flow trend). Balance-sheet leverage is manageable (debt-to-equity below 1.0) but returns have declined from stronger years.

Income Statement

PVH shows a strong top-line rebound in TTM (Trailing-Twelve-Months) with revenue up materially versus the prior year, and gross margins remain healthy in the high‑50% range. However, profitability has compressed notably: net margin in TTM is ~3.9% versus ~6.9% in FY2025 and ~10.4% in FY2022, indicating weaker cost leverage and/or higher operating pressures. The multi-year pattern is also mixed, with solid profits in FY2022 and FY2024, a sharp dip in FY2023, and softer earnings again in TTM—suggesting earnings volatility despite stable gross profitability.

Balance Sheet

Leverage looks manageable for the business, with debt-to-equity below 1.0 in TTM (Trailing-Twelve-Months) (~0.87) and improved from FY2021 (>1.1). Equity and total assets are relatively stable, and returns on equity are positive again (TTM ~7.0%) after earlier weakness. The main drawback is that returns have trended down from stronger years (FY2022 ~18% and FY2024 ~13%), implying reduced efficiency in generating shareholder returns while carrying a meaningful debt load.

Cash Flow

Cash generation remains positive, with TTM (Trailing-Twelve-Months) operating cash flow and free cash flow both solid, and free cash flow still covering a majority of net income (~0.76x). That said, free cash flow is shrinking (TTM free cash flow down ~14%), and cash flow strength has been inconsistent historically (notably the weak FY2023 period with negative free cash flow). Overall, PVH can fund operations and some reinvestment from internal cash, but the trajectory has softened and reliability is not best-in-class.

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	5.09B	5.14B	5.36B	5.12B	5.32B	3.78B
EBITDA	480.40M	1.08B	1.24B	887.80M	1.08B	-752.70M
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

• Technical Analysis Sentiment: Negative
• Last Price: 66.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PVH, the sentiment is Negative. The current price of 66.59 is below the 20-day moving average (MA) of 67.73, below the 50-day MA of 66.77, and below the 200-day MA of 75.19, indicating a bearish trend. The MACD of 0.67 indicates Positive momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 33.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PVH.

PVH Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RL	69 Neutral	$21.85B	24.57	33.85%	0.93%	12.32%	29.40%
COLM	68 Neutral	$3.15B	18.61	10.16%	2.18%	2.76%	-7.83%
KTB	66 Neutral	$4.35B	20.12	49.11%	3.36%	9.90%	-12.67%
PVH	64 Neutral	$3.05B	9.98	6.70%	0.22%	0.52%	-45.80%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LEVI	60 Neutral	$8.11B	18.91	23.63%	2.58%	-1.23%	109.67%
VFC	53 Neutral	$7.35B	34.09	12.93%	1.95%	-3.12%	―

PVH Corporate Events

PVH Declares Quarterly Cash Dividend, Signaling Stability

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 the company’s continued practice of returning capital to investors and underlining financial stability within its global fashion operations.

The most recent analyst rating on (PVH) stock is a Hold with a $68.00 price target. To see the full list of analyst forecasts on PVH stock, see the PVH Stock Forecast page.