PVH Corp. (PVH)
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-04
$74.33+2.58%
Close 2026-09-04 · 1-day change
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-04
Broken: Recent financial performance freshly dropped to the bottom half of its industry.
PVH keeps profit margins near 9% for 2026. Earnings per share are expected around $12. Cash flow from operations has improved strongly to over $580M. The stock trades cheaply with a PE of 6.9, well below peers.
Revenue growth is weak and was recently lowered. The company faces sector headwinds and a 22% stock drawdown. Debt increased with new credit agreements, which may pressure cash flow.
The market prices PVH about 44% below our fair value near $139. Analysts expect almost no revenue growth. Our view is more optimistic on earnings and margins but cautious given recent selloff.
Breaks if: Cash flow from operations falls below $400M over next 4 quarters
Breaks if: EPS falls below $11.0 in FY26
Breaks if: Operating margin falls below 7.5% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround situation with a focus on improving operational metrics. The current thesis state reflects a weakened position, as recent performance has dropped relative to peers.
The market appears to have priced in a justified valuation that is cheap compared to peers. There is an expectations gap, indicating that the market may not fully account for potential improvements in management execution.
Fundamentals are likely to show mixed results in the near term. Management is on track with priorities like direct-to-consumer growth and margin improvement, but recent financial performance has been weak.
The thesis hinges on several factors, including management's ability to raise guidance in the next quarter and the performance of sector peers. Additionally, inflation trends could impact consumer spending and PVH's performance.
The most important moves since the prior daily snapshot.
Valuation fell by 23.0 points (from 90.0 to 67.0).
Yes, our read has weakened. Recent financial performance dropped from the top half to the bottom half of its industry. This change indicates a decline in the reasons to own the company. Although PVH reported a strong earnings beat, revenue declined year-over-year, confirming market expectations for top-line contraction.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue growth falls below -2% next 12 months
Over the next 1 to 3 years, PVH's outlook will depend on management execution and external economic factors. Not investment advice.