PVH Corp. (PVH) Stock

PVH Corp. (PVH) is a Consumer Discretionary stock trading at $74.56 (as of 2026-08-25), with a market capitalization of $3.44B and a trailing P/E of 12.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand PVH Corp.: how it makes money

PVH designs and retails Tommy Hilfiger and Calvin Klein apparel (denim, sportswear, intimate wear, accessories) through owned stores, wholesale partners, and licensing deals. Most revenue splits between North America and international markets, with multi-category brand equity as the core moat.

A 59% gross margin funds a retail-heavy SG&A stack that leaves operating profit near 6%, so every store dollar and every license point directly moves the bottom line.

Business quality (Weak): Weak

Valuation: At 13× earnings, PVH trades 17% below the Apparel average (15×).

Bull case

  • Core categories show momentum: Management cited double-digit growth in core product categories across several brands, a sign that category-level demand is intact even as the corporate top line grew only about 2% in the quarter.
  • Valuation sits below peers: PVH screens at a P/E of 12.7x versus the apparel industry average of 15.3x, a 17% discount. If product-level momentum translates into sustained revenue growth, the gap to the industry multiple narrows.
  • Buyback supports per-share value: Management confirmed a minimum of $300 million in share repurchases planned for 2026, which offsets the pressure of a low-growth revenue base on diluted earnings.

Bear case

  • Top line is stalling: Q2 revenue is guided to decline 4% to 5% in constant currency, and EMEA is expected to drop mid-single digits, pointing to weakening demand in a meaningful geography.
  • Fixed costs amplify the dip: Management expects Q2 SG&A deleverage to exceed 300 basis points, meaning the retail cost base is amplifying the revenue slowdown against an operating margin already near 6%.
  • Tariff costs remain unresolved: Tariffs are flagged as a significant ongoing cost headwind with rates still uncertain. Even with the $100 million EBIT refund benefit noted for Q1, forward-quarter tariff exposure is unquantified.
Valuation — source: SEC EDGAR (first-party)
Price$74.56
Market Cap$3.44B
P/E Ratio12.7
EV / EBITDA13.7
Price / Book0.70
Price / Sales0.41
FCF Yield-3.0%
DCF Value (model)$195.75
DCF Upside vs Price162.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.95B
Net Margin0.3%
Revenue Growth (YoY)3.4%
EPS Growth (YoY)-95.0%
FCF Growth (YoY)-7.5%
Financial Health — source: SEC EDGAR
Altman Z-Score1.98 (grey)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E12.7
Sector P/E (Consumer Discretionary)20.8
Industry P/E (Apparel)15.3
vs Sector-39.2%
vs Industry-17.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPZENA INVESTMENT MANAGEMENT LLC ($402.44M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorConsumer Discretionary
IndustryApparel
CEOStefan Larsson
Employees16,000
CountryUS
IPO Date1980-03-17

Related Companies (Apparel; 8 comparable apparel companies)

  • V.F. Corporation (VFC)
  • Ralph Lauren Corporation (RL)
  • Kontoor Brands, Inc. (KTB)
  • Cintas Corporation (CTAS)
  • Oxford Industries, Inc. (OXM)
  • Levi Strauss & Co. (LEVI)
  • Under Armour, Inc. (UAA)
  • Columbia Sportswear Company (COLM)
PVH earnings history · PVH institutional & insider holders · PVH KPIs & operating metrics · PVH financials · PVH investor presentations & press releases · PVH SEC filings · PVH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.