PVH Stock: Insider Activity, Filings & Research

PVH Corp. (PVH) — Drillr’s hub for PVH insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, PVH insiders filed 0 open-market buys and 3 sales (SEC Form 4).

Sentiment

0/100

Buys (3m)

Sells (3m)

Net (3m)

-$642.5K

Insider trades by month Buys Sells

Dec

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Apr

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Apr

Context3-month price +48.3%Institutions mixed (13F)

Date	Insider	Type	Shares	Price
Apr 17, 2026	FISCHER MARK Dofficer: EVP, General Counsel & Sec.	Sell	2,282	$92.50
Apr 17, 2026	FISCHER MARK Dofficer: EVP, General Counsel & Sec.	Sell	2,457	$95.00
Apr 17, 2026	FISCHER MARK Dofficer: EVP, General Counsel & Sec.	Sell	2,200	$90.00
Apr 14, 2026	Larsson Stefandirector, officer: Chief Executive Officer	Tax	11,097	$90.74
Apr 14, 2026	Kohler Donaldofficer: CEO, PVH Americas	Tax	630	$90.74
Apr 14, 2026	Savman Davidofficer: Global Brand President, CK	Tax	630	$90.74
Apr 14, 2026	Graf Erik W.officer: EVP, Controller	Tax	341	$90.74
Apr 14, 2026	Subrahmanyam Ambaofficer: Chief People Officer	Tax	505	$90.74
Apr 14, 2026	Stone Melissa Annofficer: EVP and Interim CFO	Tax	227	$90.74
Apr 14, 2026	Goldman Lea Rytzofficer: Global Brand President, TH	Tax	846	$90.74
Apr 14, 2026	FISCHER MARK Dofficer: EVP, General Counsel & Sec.	Tax	265	$90.74
Apr 14, 2026	Olsson Fredrikofficer: CEO, PVH EMEA	Tax	1,343	$90.74
Apr 14, 2026	Subrahmanyam Ambaofficer: Chief People Officer	Tax	1,000	$90.74
Apr 14, 2026	Savman Davidofficer: Global Brand President, CK	Tax	1,550	$90.74
Apr 14, 2026	Stone Melissa Annofficer: EVP and Interim CFO	Tax	540	$90.74

Source: PVH SEC Form 4 filings, latest Apr 17, 2026. For informational purposes only — not investment advice.

Overview

PVH Corp. (NYSE:PVH) is a global apparel company founded in 1881 and headquartered in New York. The company has evolved from its origins as Phillips-Van Heusen Corporation into one of the world's largest fashion and lifestyle companies. PVH owns and operates some of the most recognizable brands in fashion, including Tommy Hilfiger and Calvin Klein, which it acquired in 2010 and 2003 respectively. The company went public in 1980 and has since transformed from a traditional dress shirt manufacturer into a diversified global lifestyle brand portfolio, operating across approximately 40 countries through various retail channels including company-operated stores, wholesale partnerships, and digital commerce platforms.

Business

PVH Corp operates in the global apparel and fashion industry, designing, marketing, and retailing clothing and accessories across multiple categories. The company's business is structured around six main segments, though it has been strategically focusing on its two flagship brands. The company's core operations center on Tommy Hilfiger and Calvin Klein, which together represent the vast majority of its business. Tommy Hilfiger, known for its preppy American style with a modern twist, offers casual sportswear, denim, and accessories targeting consumers who appreciate classic American fashion with contemporary elements. Calvin Klein represents modern American luxury, spanning from underwear and intimate apparel to high-fashion ready-to-wear, known for its minimalist aesthetic and premium positioning. The business segments break down as follows: Tommy Hilfiger North America and Tommy Hilfiger International together represent approximately 45-50% of total revenue, while Calvin Klein North America and Calvin Klein International account for roughly 40-45% of revenue. The remaining revenue comes from Heritage Brands Wholesale and Heritage Brands Retail, which include traditional brands like Van Heusen, IZOD, ARROW, and Warner's, though the company has been divesting these legacy brands to focus on its premium lifestyle brands. The company's product portfolio spans men's, women's, and children's apparel including dress shirts, sportswear, jeans, performance wear, intimate apparel, underwear, swimwear, handbags, footwear, outerwear, and accessories. Beyond apparel, PVH also licenses its brands for products like fragrances, home furnishings, eyewear, and watches, creating additional revenue streams while extending brand presence across lifestyle categories.

Revenue model

PVH Corp generates revenue through multiple channels and business models. The primary revenue streams include wholesale sales to department stores, specialty retailers, and other third-party partners, direct-to-consumer sales through company-operated retail stores and e-commerce platforms, and licensing fees from brand partnerships. The wholesale business involves selling products to major retailers like Macy's, department store chains, specialty stores, warehouse clubs, and off-price retailers. This channel typically operates on lower margins but provides significant volume and brand distribution. The direct-to-consumer channel includes both physical retail stores (full-price stores, outlet locations, and concession spaces) and digital commerce sites, which generally command higher margins due to eliminating the middleman markup. Licensing represents a capital-light revenue stream where PVH allows other companies to manufacture and sell products under its brand names in exchange for royalty payments, typically ranging from 5-15% of wholesale revenue depending on the product category and market. Several factors influence PVH's profitability margins. Positive margin drivers include premium brand positioning allowing for higher pricing power, direct-to-consumer channel expansion which captures retail markup, operational efficiency improvements through supply chain optimization, and successful product innovation that commands premium pricing. The company's focus on "quality of sales" - prioritizing profitable sales over volume - has also supported margin expansion. Negative margin pressures include raw material cost inflation affecting cotton, polyester, and other textile inputs, freight and logistics cost increases, foreign exchange fluctuations since the company operates globally, competitive promotional pressures in retail markets, and economic downturns that reduce consumer spending on discretionary fashion items. Additionally, the company faces ongoing challenges from changing consumer shopping behaviors, particularly the shift toward e-commerce and away from traditional department stores where PVH has historically had strong wholesale relationships.

Competitive moat

PVH Corp's competitive moat is moderately strong but faces ongoing challenges in the evolving fashion landscape. The company's primary moat stems from its ownership of two globally recognized premium lifestyle brands - Tommy Hilfiger and Calvin Klein - which have decades of brand equity and consumer recognition. These brands command pricing premiums and customer loyalty that generic or newer fashion brands cannot easily replicate. The company benefits from scale advantages in global sourcing, manufacturing relationships, and retail distribution networks built over decades. PVH's relationships with major department stores and international retailers provide established distribution channels that would be difficult for competitors to replicate quickly. The company's global footprint, particularly its strong presence in Europe and growing presence in Asia, creates geographic diversification that smaller fashion companies lack. However, PVH's moat faces significant challenges. The fashion industry is inherently cyclical and trend-driven, making brand relevance vulnerable to changing consumer preferences. The company has struggled with brand positioning, particularly making Calvin Klein and Tommy Hilfiger feel contemporary and relevant to younger consumers who increasingly favor newer, more digitally-native brands or fast-fashion alternatives. The rise of direct-to-consumer brands, social media marketing, and fast-fashion retailers like Zara and H&M has disrupted traditional fashion retail models. These competitors can respond more quickly to trends and often offer similar styles at lower price points. Additionally, the decline of department stores - a key distribution channel for PVH - threatens the company's traditional wholesale model. The company's moat is further challenged by the commoditization of fashion manufacturing and the ease with which new brands can enter the market through e-commerce platforms. While PVH's brands have heritage and recognition, maintaining relevance requires constant investment in marketing, product innovation, and retail experience - areas where nimbler competitors may have advantages.

Risks & safety

PVH Corp presents a moderate margin of safety with mixed financial health indicators. The company maintains reasonable financial stability but faces some leverage concerns. • Liquidity position: Strong with $748 million in cash and short-term investments as of Q4 2024, providing adequate working capital flexibility. Current ratio of 1.27 indicates sufficient short-term liquidity coverage. • Debt and solvency: Debt-to-equity ratio of 0.66 represents moderate leverage that is manageable but elevated for a cyclical consumer business. Total liabilities of $5.9 billion against $11.0 billion in total assets shows reasonable solvency, though the company carries meaningful debt obligations. • Cash generation: Positive with $443 million in free cash flow for 2024, demonstrating the business generates cash after capital expenditures. Operating cash flow of $741 million for full year 2024 shows healthy operational cash generation. • Valuation metrics: Trading at attractive valuation multiples with P/E ratio of 7.3, EV/EBITDA of 6.3, and price-to-book of 0.89, suggesting the stock may be undervalued relative to historical norms and peers. • Other considerations: The company's focus on two premium brands provides some defensibility, but exposure to cyclical consumer spending and retail industry headwinds creates earnings volatility risk. Geographic diversification helps but doesn't eliminate macro economic sensitivity.

Recent development

Over the past few years, PVH Corp has undergone significant strategic transformation through its PVH+ Plan, focusing exclusively on building Calvin Klein and Tommy Hilfiger into what management calls "the most desirable lifestyle brands." This strategic pivot involved divesting heritage brands to concentrate resources on the two premium brands with the greatest global growth potential. A key operational initiative has been the "quality of sales" strategy, particularly in Europe, where the company deliberately reduced wholesale partnerships with third-party digital platforms and lower-margin retailers to improve profitability. This approach initially resulted in revenue declines but has led to improved gross margins and healthier inventory management. The company has also been transitioning women's sportswear from licensed partnerships back to in-house operations to capture more value and control over the customer experience. Supply chain and inventory optimization has been another major focus, with the company implementing RFID technology across brands and channels, reducing inventory levels by over 20%, and moving from 90% to 70% initial inventory allocations to improve responsiveness to actual demand. These initiatives have contributed to record gross margins approaching 60%. The company has significantly enhanced its marketing and brand engagement strategies, increasing marketing spend to approximately 6% of sales and launching high-profile campaigns featuring celebrities like Jeremy Allen White, Kendall Jenner, Bad Bunny, and K-pop group Stray Kids. These campaigns have generated substantial social media engagement and helped modernize the brands' appeal to younger consumers. Digital transformation has been accelerated with investments in e-commerce platforms, direct-to-consumer capabilities, and data analytics to better understand consumer preferences and optimize inventory allocation. The company has also been expanding its retail footprint in key growth markets, including opening new flagship stores like the Calvin Klein SoHo location in New York. Financially, the company has returned significant capital to shareholders through an aggressive share repurchase program, buying back nearly $1 billion in stock (approximately 17% of outstanding shares) and committing to additional buybacks, while also targeting a long-term operating margin goal of 15%.

PVH company profile · for informational purposes only — not investment advice.

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