PVH Corp (PVH)
NYSE:PVH
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PVH
(NYSE:PVH)
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Rating:54Neutral
Price Target:
$79.00
▼(-16.11% Downside)
Action:Reiterated
Date:06/06/26
The score is held back primarily by weakened profitability/returns and a soft technical setup with the stock below key short-term moving averages. Offsetting factors include solid TTM cash generation and an earnings outlook that maintains full-year margin/EPS targets despite near-term revenue and regional headwinds.
Positive Factors
Direct-to-Consumer & E‑commerce Momentum
Sustained D2C and e-commerce growth reflects a durable shift toward higher-margin, brand-controlled channels. Over the next 2–6 months, stronger D2C mix and digital momentum support margin resiliency, faster customer data-led merchandising, and more stable revenue compared with pure wholesale exposure.
Negative Factors
Weakened Profitability & Returns
Very low net margins and sharply reduced ROE indicate weaker earnings power versus prior years. Over the medium term this limits internal reinvestment, reduces buffer against cost or demand shocks, and makes ROE recovery reliant on sustained margin improvement rather than cyclical top‑line moves.
Read all positive and negative factors
Positive Factors
Negative Factors
Direct-to-Consumer & E‑commerce Momentum
Sustained D2C and e-commerce growth reflects a durable shift toward higher-margin, brand-controlled channels. Over the next 2–6 months, stronger D2C mix and digital momentum support margin resiliency, faster customer data-led merchandising, and more stable revenue compared with pure wholesale exposure.
Read all positive factors
PVH (PVH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.55B
Dividend Yield0.22%
Average Volume (3M)1.18M
Price to Earnings (P/E)22.4
Beta (1Y)1.07
Revenue Growth3.54%
EPS Growth-55.30%
CountryUS
Employees16,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)3.33
Shares Outstanding46,108,093
10 Day Avg. Volume1,524,170
30 Day Avg. Volume1,183,356
Financial Highlights & Ratios
PEG Ratio-1.24
Price to Book (P/B)0.62
Price to Sales (P/S)0.33
P/FCF Ratio5.52
Enterprise Value/Market Cap2.01
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit1.38
Enterprise Value/Ebitda7.43
Forecast
1Y Price Target
$88.90Price Target Upside-5.60% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)12.04
Revenue Forecast (FY)$8.91B
PVH Business Overview & Revenue Model
Company Description
PVH Corp. functions as a global leader in the apparel industry. Its operations are structured into six key segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brand...
How the Company Makes Money
PVH makes money primarily by monetizing its brand portfolio through wholesale sales, direct-to-consumer sales, and select licensing arrangements. (1) Wholesale revenue: PVH sells branded apparel and accessories to third-party retailers and distrib...
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).
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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
Negative
94.17
Price Trends
87.67
Negative
77.46
Negative
77.44
Negative
Market Momentum
-2.29
Positive
40.06
Neutral
35.19
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 94.17 is above the 20-day moving average (MA) of 85.89, above the 50-day MA of 87.67, and above the 200-day MA of 77.44, indicating a bearish trend. The MACD of -2.29 indicates Positive momentum. The RSI at 40.06 is Neutral, neither overbought nor oversold. The STOCH value of 35.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.11B | 14.93 | 28.33% | 2.58% | 2.61% | 30.39% | |
73 Outperform | $24.59B | 26.77 | 34.77% | 0.93% | 14.63% | 29.96% | |
70 Outperform | $3.40B | 20.66 | 10.26% | 2.18% | 0.54% | -19.72% | |
69 Neutral | $4.32B | 15.58 | 50.10% | 3.36% | 20.78% | 20.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $3.55B | 22.38 | 3.25% | 0.22% | 3.54% | -55.30% | |
52 Neutral | $6.80B | 26.61 | 15.92% | 1.95% | -0.72% | ― |
* Consumer Cyclical Sector Average
PVH
PVH
77.07
12.56
19.47%
COLM
Columbia Sportswear
66.46
7.37
12.47%
RL
Ralph Lauren
413.01
151.90
58.18%
VFC
VF
17.33
5.87
51.21%
LEVI
Levi Strauss & Co
23.70
6.56
38.29%
KTB
Kontoor Brands
78.17
16.42
26.59%
PVH Corporate Events
Business Operations and StrategyDividends
PVH Declares Quarterly Dividend, Reaffirming Shareholder Focus
Positive
Apr 29, 2026
On April 29, 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. The dividend will be paid on June 24, 2026 to shareholders of record as of June 3, 2026...
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.