PVH Corp PVH

Morningstar Rating
$75.53 −0.32 (0.42%)
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Company Report

PVH Continues Brand Elevation and Efficiency Efforts, but Consumer Demand Is Shaky

Once known as a producer of midtier men's shirts, multibrand apparel and accessories marketer PVH transformed itself by purchasing fashion brand Calvin Klein in 2003, Tommy Hilfiger in 2010, and Calvin Klein licensee Warnaco in 2013. In recent years, it has sold most of its smaller brands to focus on Calvin Klein and Tommy Hilfiger. Although these two brands are well-known worldwide, we do not believe that either has sufficient pricing power or competitiveness to provide an economic moat for PVH.

Price vs Fair Value

PVH is trading at a LOCK|C&bdn?K premium.
Price
$75.85
Fair Value
VQY
Uncertainty
LOCK|!L$
1-Star Price
LOCK|^.g
5-Star Price
LOCK|.Jq
Economic Moat
LOCK|hZ
Capital Allocation
LOCK|gdd@FX

Bulls Say, Bears Say

Bulls

Calvin Klein and Tommy Hilfiger have proven global strength, with the potential for higher sales in Asia, Europe, and the Americas. PVH has taken greater control of its brands through acquisitions, allowing improved marketing and pricing.

Bears

Although well known, PVH’s brands are overly exposed to outlet and discount channels. Consistent discounting has reduced brand value, pricing, and margins.

News

Articles & Videos

Trading Information

Previous Close Price
$75.85
Day Range
$75.00–77.25
52-Week Range
$59.60–100.75
Bid/Ask
$74.01 / $79.99
Shares Outstanding
46.14M
Market Cap
$3.48B
Volume/Avg
710,925 / 940,897

Key Statistics

Price/Earnings (Normalized)
7.18
Price/Sales
0.40
Dividend Yield (Trailing)
0.20%
Dividend Yield (Forward)
0.20%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
0.70%

Company Profile

PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate practically all its revenue after its recent disposition of most of its smaller brands. PVH operates e-commerce sites, roughly 1,400 stand-alone stores, and about 1,500 shop-in-shops and concessions. The firm also licenses its brands to third parties and distributes its merchandise through department stores and other wholesale accounts. PVH traces its history to 1881 and is based in New York City.
Sector
Consumer Cyclical
Industry
Apparel Manufacturing
Stock Style Box
Small Value
Total Number of Employees
26,000

Competitors

Valuation

Metric
PVH
GAP
URBN
Price/Earnings (Normalized)
7.1811.5413.69
Price/Book Value
0.732.072.36
Price/Sales
0.400.561.09
Price/Cash Flow
4.594.326.71
Price/Earnings
PVH
GAP
URBN

Financial Strength

Metric
PVH
GAP
URBN
Quick Ratio
0.790.770.71
Current Ratio
1.651.821.58
Interest Coverage
3.9918.11—
Quick Ratio
PVH
GAP
URBN

Profitability

Metric
PVH
GAP
URBN
Return on Assets (Normalized)
5.02%10.03%12.12%
Return on Equity (Normalized)
11.92%33.73%21.90%
Return on Invested Capital (Normalized)
6.94%13.24%15.18%
Return on Assets
PVH
GAP
URBN

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