PVH (PVH) AI Stock Analysis

• Market Cap: $3.56B
• Dividend Yield: 0.22%
• Average Volume (3M): 1.63M
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.80
• Revenue Growth: -6.13%
• EPS Growth: -2.63%
• Country: US
• Employees: 16,000
• Sector: Consumer Cyclical
• Sector Strength: 63
• Industry: Apparel - Manufacturers
• EPS (TTM): 10.56
• Shares Outstanding: 52,636,944
• 10 Day Avg. Volume: 2,429,924
• 30 Day Avg. Volume: 1,631,846
• PEG Ratio: 0.12
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.41
• Price to Cash Flow (P/CF): 31.60
• P/FCF Ratio: 132.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $100.46
• Price Target Upside: 48.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

PVH's stock score reflects a solid financial foundation and attractive valuation metrics, which are offset by bearish technical indicators and significant challenges in China. The company's strategic progress and brand strength add resilience, but macroeconomic and operational risks must be managed carefully.

Positive Factors

Inventory Management

The company's quality of sales, inventory management, and cost-saving initiatives are beginning to show positive results.

Share Repurchase

$500M announced Accelerated Share Repurchase (ASR) is likely to drive significant earnings per share growth.

Negative Factors

China Operations

Recent placement on China's unreliable entities list remains a risk to operations in the region.

Consumer Traffic

There is a material slowdown in consumer traffic in February and a decrease in China revenue after the New Year.

Product Delays

Ongoing product delays are expected to pressure first half gross margins due to issues with Calvin Klein products.

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 Corp. generates revenue primarily through the sale of branded apparel and accessories. The company's revenue model includes wholesale distribution to department stores and specialty retailers, direct-to-consumer sales via branded retail stores and e-commerce platforms, and licensing agreements for certain product lines and geographical markets. Key revenue streams are driven by the global reach and strong brand recognition of its flagship brands, Calvin Klein and Tommy Hilfiger. Significant partnerships with retailers and strategic investments in digital and omnichannel capabilities also contribute to PVH's earnings. The company's ability to adapt to fashion trends and consumer preferences, while managing its supply chain efficiently, plays a crucial role in its financial performance.

PVH Financial Statement Overview

Summary

PVH demonstrates robust profitability with strong margins and operational efficiency. The income statement shows a strong gross profit margin and efficient operational performance, despite a minor revenue decline. The balance sheet indicates balanced leverage and good ROE, while cash flow highlights efficient cash conversion despite a slight decline in free cash flow growth.

Income Statement

PVH's TTM (Trailing-Twelve-Months) shows a strong gross profit margin of 60.07% and a healthy net profit margin of 8.13%. The revenue growth rate is slightly negative at -4.85% compared to the previous annual report, indicating a minor decline in sales. However, both EBIT and EBITDA margins are robust at 9.82% and 13.58% respectively, reflecting efficient operational performance.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.66, suggesting balanced leverage. Return on Equity (ROE) stands at 13.49%, signifying good profitability relative to equity. Equity ratio is at 47.05%, indicating a solid capital structure with substantial equity backing its assets.

Cash Flow

PVH exhibits a strong operating cash flow to net income ratio of 1.28, highlighting efficient cash conversion from earnings. Free cash flow to net income ratio is 1.04, indicating sound cash generation after capital expenditures. However, free cash flow growth rate has slightly declined by 1.30% over the past year.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
8.77B	9.22B	9.02B	9.15B	7.13B	9.91B
	Gross Profit
5.27B	5.36B	5.12B	5.32B	3.78B	5.39B
	EBIT
861.10M	934.80M	586.30M	763.60M	-464.00M	354.60M
	EBITDA
1.19B	1.24B	887.80M	1.08B	-752.70M	678.40M
	Net Income Common Stockholders
713.10M	663.60M	200.40M	952.30M	-1.14B	417.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
559.60M	707.60M	550.70M	1.24B	1.65B	503.40M
	Total Assets
11.24B	11.17B	11.77B	12.40B	13.29B	13.63B
	Total Debt
3.51B	3.53B	3.83B	3.95B	5.41B	4.65B
	Net Debt
2.95B	2.83B	3.28B	2.71B	3.76B	4.15B
	Total Liabilities
5.95B	6.05B	6.76B	7.11B	8.56B	7.82B
	Stockholders Equity
5.29B	5.12B	5.01B	5.29B	4.73B	5.81B
Cash Flow		Free Cash Flow
715.30M	724.70M	-250.90M	803.30M	471.10M	675.10M
	Operating Cash Flow
912.10M	969.40M	39.20M	1.07B	697.70M	1.02B
	Investing Cash Flow
-20.40M	-85.10M	-278.20M	-45.00M	-59.10M	-505.90M
	Financing Cash Flow
-691.00M	-721.80M	-428.20M	-1.40B	477.40M	-451.60M

PVH Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 67.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 67.72 is above the 20-day moving average (MA) of 67.18, below the 50-day MA of 74.77, and below the 200-day MA of 94.65, indicating a neutral trend. The MACD of -2.25 indicates Negative momentum. The RSI at 61.36 is Neutral, neither overbought nor oversold. The STOCH value of 47.90 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	79 Outperform	$12.21B	18.01	27.57%	1.67%	5.23%	24.63%
PVH	72 Outperform	$3.56B	6.42	11.67%	0.22%	-6.13%	-2.63%
KTB	67 Neutral	$3.20B	13.27	63.68%	3.52%	0.07%	7.19%
LEVI	66 Neutral	$5.50B	26.54	10.49%	3.67%	2.96%	-15.58%
COLM	63 Neutral	$3.81B	18.04	12.01%	1.74%	-3.35%	-6.09%
Sector *	59 Neutral	$11.20B	10.09	-1.41%	3.96%	1.31%	-16.95%
VFC	52 Neutral	$4.50B	―	-16.13%	3.11%	-8.42%	57.91%

PVH Corporate Events

PVH Announces Leadership Transition with New Controller

On March 11, 2025, PVH Corp. announced that James Holmes, its Executive Vice President and Controller, will step down from his role effective April 30, 2025, to pursue other opportunities. Holmes will remain with the company until October 1, 2025, to ensure a smooth transition. His departure is not due to any disagreements with the company’s management or auditors. Erik Graf, who has been with the company since 2010, will succeed Holmes as Executive Vice President, Corporate Controller, starting May 1, 2025. Graf’s annual base salary will be $450,000, and he will participate in the company’s Performance Incentive Bonus Plan and Stock Incentive Plan.

PVH Faces Challenges with China’s Unreliable Entities List

In February 2025, China’s Ministry of Commerce (MOFCOM) added PVH Corp. to its List of Unreliable Entities following an investigation initiated in September 2024. This decision could potentially lead to significant operational challenges for PVH, including restrictions on business activities in China, possible financial impairments, and difficulties in managing inventory and trade receivables.