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PVH
(NYSE:PVH)
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Rating:53Neutral
Price Target:
$86.00
â–²(15.41% Upside)
Action:Reiterated
Date:09/15/26
PVH scores in the low-50s primarily due to weak recent profitability and revenue trends (TTM loss and negative returns), partially offset by strong cash generation and a moderately levered balance sheet. Technicals remain a headwind with the stock trading below major moving averages and negative MACD. The earnings call and reaffirmed full-year outlook provide some support, but valuation is constrained by a negative P/E and only a modest dividend yield.
Positive Factors
Global brand and omnichannel strength
PVH’s two globally recognized brands operate across wholesale, stores, e-commerce and licensing, creating diversified routes to consumers. This breadth supports brand reach, reduces reliance on any single channel, and provides a platform for sustained international growth.
Negative Factors
Revenue and earnings deterioration
The latest TTM reversal from prior profitability weakens earnings quality and makes future performance more dependent on a successful demand recovery. Lower revenue and thin operating margins also reduce the cushion available to absorb promotional, channel, or regional pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Global brand and omnichannel strength
PVH’s two globally recognized brands operate across wholesale, stores, e-commerce and licensing, creating diversified routes to consumers. This breadth supports brand reach, reduces reliance on any single channel, and provides a platform for sustained international growth.
Read all positive factors
PVH (PVH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.92B
Dividend Yield0.18%
Average Volume (3M)860.00K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth1.64%
EPS Growth-140.84%
CountryUS
Employees26,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-3.56
Shares Outstanding46,137,833
10 Day Avg. Volume744,255
30 Day Avg. Volume859,995
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 Cap1.83
Enterprise Value/Revenue0.81
Enterprise Value/Gross Profit1.37
Enterprise Value/Ebitda11.38
Forecast
1Y Price Target
$88.70Price Target Upside19.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)12.07
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 commercializing its two flagship global brands—Calvin Klein and TOMMY HILFIGER—through a multi-channel model:
1) Wholesale sales to retailers: A significant portion of revenue comes from selling branded apparel and ac...
PVH Earnings Call Summary
Earnings Call Date:Sep 02, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 02, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: PVH met or exceeded second-quarter guidance, delivered better-than-expected profitability, expanded underlying gross margin, controlled inventory, generated strong e-commerce and DTC trends, and reaffirmed full-year guidance. However, revenue declined 3%, underlying operating margin was below last year excluding tariff refunds, EMEA and wholesale remained pressured, and the company recorded a $439 million noncash goodwill impairment charge amid ongoing macroeconomic, geopolitical and tariff uncertainty.Positive Updates
Second-Quarter Results Met or Beat Guidance
Revenue was in line with guidance, while the company beat guidance across all key profitability metrics. Operating margin was 11.1% and EPS was $3.70, ahead of guidance.
Negative Updates
Revenue and Underlying Profitability Declined Year Over Year
Second-quarter revenue decreased 3% on both a reported and constant-currency basis. Excluding tariff refunds, EBIT was $126 million and operating margin was 6%, compared with EBIT of $178 million and operating margin of 8.2% in the prior year.
Read all updates
Q2-2026 Updates
Positive
Negative
Second-Quarter Results Met or Beat Guidance
Revenue was in line with guidance, while the company beat guidance across all key profitability metrics. Operating margin was 11.1% and EPS was $3.70, ahead of guidance.
Read all positive updates
Company Guidance
PVH reaffirmed full year reported revenue of approximately flat and a slight decline on a constant currency basis, operating margin of 8.8%, EPS in the range of $11.80 to $12.10, gross margin and SG&A as a percent of revenue each increasing approximately 100 basis points, marketing spend increasing at least 50 basis points to approximately 6% of sales, net interest expense of approximately $70 million, a tax rate of 22% to 23%, capital spending of approximately $250 million or approximately 3% of sales, and share repurchases of at least $300 million; regionally, it expects growth in both The Americas and APAC, pressure in EMEA, and e-commerce growth in all regions. For Q3, it projects revenue down low-single-digits in both reported and constant currency, The Americas up mid-single-digits with DTC up slightly, Asia Pacific relatively flat in constant currency, EMEA down mid-single in constant currency, licensing revenue down mid-single-digits, gross margin up approximately 100 basis points, SG&A expense as a percent of revenue up over 200 basis points, operating margin of approximately 7.5%, and EPS in a range of $2.50 to $2.65, with a tax rate of approximately 22% and interest expense of approximately $18 million.PVH Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
56
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.92B | 8.95B | 8.65B | 9.22B | 9.02B | 9.15B |
| Gross Profit | 5.26B | 5.15B | 5.11B | 5.35B | 5.09B | 5.32B |
| EBITDA | 631.90M | 517.80M | 1.08B | 1.24B | 779.30M | 1.39B |
| Net Income | -169.00M | 25.30M | 598.50M | 663.60M | 200.40M | 952.30M |
Balance Sheet | ||||||
| Total Assets | 11.42B | 11.68B | 11.03B | 11.17B | 11.77B | 12.40B |
| Cash, Cash Equivalents and Short-Term Investments | 965.90M | 701.50M | 748.00M | 707.60M | 550.70M | 1.24B |
| Total Debt | 4.16B | 4.30B | 3.39B | 3.53B | 3.83B | 3.95B |
| Total Liabilities | 6.62B | 6.89B | 5.89B | 6.05B | 6.76B | 7.11B |
| Stockholders Equity | 4.79B | 4.79B | 5.14B | 5.12B | 5.01B | 5.29B |
Cash Flow | ||||||
| Free Cash Flow | 715.00M | 538.40M | 582.20M | 724.70M | -250.90M | 803.30M |
| Operating Cash Flow | 875.10M | 680.40M | 740.90M | 969.40M | 39.20M | 1.07B |
| Investing Cash Flow | -117.70M | -140.10M | -137.70M | -85.10M | -278.20M | -45.00M |
| Financing Cash Flow | -45.70M | -605.70M | -550.40M | -721.80M | -428.20M | -1.40B |
PVH Technical Analysis
Positive
74.52
Price Trends
77.03
Positive
78.68
Positive
77.05
Positive
Market Momentum
2.52
Negative
63.68
Neutral
60.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PVH, the sentiment is Positive. The current price of 74.52 is below the 20-day moving average (MA) of 80.57, below the 50-day MA of 77.03, and below the 200-day MA of 77.05, indicating a bullish trend. The MACD of 2.52 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 60.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $22.47B | 23.46 | 35.64% | 1.01% | 14.68% | 26.22% | |
72 Outperform | $1.28B | 9.30 | 7.53% | 1.34% | -8.74% | -22.98% | |
70 Outperform | $4.16B | 15.71 | 45.96% | 2.79% | 15.62% | 6.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $415.95M | -59.09 | -1.28% | 10.05% | -1.80% | -112.70% | |
53 Neutral | $3.92B | -23.86 | -3.49% | 0.18% | 1.64% | -140.84% | |
51 Neutral | $6.79B | 24.66 | 15.95% | 2.09% | -0.16% | 212.77% |
* Consumer Cyclical Sector Average
PVH
PVH
84.98
-0.34
-0.40%
GIII
G-III Apparel Group
29.85
1.89
6.76%
OXM
Oxford Industries
27.77
-9.34
-25.17%
RL
Ralph Lauren
377.40
43.37
12.99%
VFC
VF
17.26
1.02
6.28%
KTB
Kontoor Brands
76.04
-7.51
-8.99%
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...
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.