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PVH $106.31

PVH target price
106.31
0
105
PVH Corp.
Type
Public company
Traded as NYSE: PVH
S&P 500 Component
Industry Clothing
Founded 1881; 136 years ago (1881)
Headquarters Manhattan, New York City, New York, United States
Key people
Emanuel Chirico (CEO)
Revenue US$ 8.020 billion (2015)
Net income
US$ 572 million (2015)
Number of employees
18,200
Divisions Tommy Hilfiger
Calvin Klein
Izod
Arrow
Van Heusen
Warner's
Olga
Speedo (North America only, licensed in perpetuity from Speedo International)
Website www.pvh.com

PVH Corp, formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, IZOD, Arrow, and licenses brands such as Geoffrey Beene, BCBG Max Azria, Chaps, Sean John, Kenneth Cole New York, JOE Joseph Abboud, Michael Kors, and Speedo (the latter under an exclusive perpetual license from Speedo International for the North American market).

It is partly named after Dutch immigrant John Manning Van Heusen, who in 1910 invented a new process that fused cloth on a curve.

PVH Corp has its main headquarters in Manhattan, with administrative offices in Bridgewater, New Jersey; Las Vegas, Nevada and Los Angeles, California. Additional distribution facilities in the United States are located in Brinkley, Arkansas; McDonough, Georgia; Jonesville, North Carolina; Reading, Pennsylvania; and Chattanooga, Tennessee.

PVH has several sourcing facilities worldwide, located in Bangladesh, India, Pakistan, Sri Lanka, China, Honduras, Hong Kong, Indonesia, Philippines, Malaysia, Mongolia, Singapore, Thailand,Ethiopia and Taiwan. The corporation employs over 12,000 people worldwide.

The history of Phillips-Van Heusen (PVH) goes back in part to Dramin Jones, a Prussian immigrant who founded the shirt manufacturing company D. Jones & Sons c. 1857. Separately, in 1881, Moses Phillips and his wife Endel began sewing shirts by hand and selling them from pushcarts to local anthracite coal-miners in Pottsville, Pennsylvania. This grew into a shirt business in New York City that placed one of the first ever shirt advertisements in the Saturday Evening Post. D. Jones & Sons merged with M. Phillips & Sons in 1907 under the name Phillips-Jones after Dramin Jones's death in 1903. Later Isaac Phillips met John Van Heusen, resulting both in their most popular line of shirts (Van Heusen), and in the subsequent acquisition of Van Heusen by Phillips-Jones and its renaming to Phillips-Van Heusen in 1957. In 2011, Phillips-Van Heusen is renamed to PVH.

The Phillips-Jones Corporation received a patent for a self-folding collar in 1919; the corporation released the product to the public in 1921 and it became successful. The first collar-attached shirt was introduced in 1929. The Bass Weejun was introduced in 1936. Geoffrey Beene shirts were launched in 1982. In 1987, Phillips-Van Heusen acquired G.H. Bass. In 1995, the corporation acquired the Izod brand, followed by the Arrow brand in 2000, and the Calvin Klein company in 2002. In 2004, PVH began manufacturing clothing for the Donald J. Trump Signature Collection as part of a licensing agreement with Donald Trump.

After acquiring Superba, Inc., in January 2007, PVH now owns necktie licenses for brands such as Arrow, DKNY, Tommy Hilfiger, Nautica, Perry Ellis, Ted Baker, Michael Kors, JOE Joseph Abboud, Original Penguin and Jones New York. The corporation began making men's clothing under the Timberland name in 2008, with women's clothing following in 2009, under a licensing agreement.

On March 15, 2010, Phillips-Van Heusen acquired Tommy Hilfiger for $3 billion.

In the third quarter of 2010 losses made on the "Van Heusen" brand led to the decision to pull it out of all European trading markets. As of March 2011 the company sells no products under that name in Europe. All European staff became redundant as a result.

In February 2013, PVH acquired Warnaco Group, which manufactured the Calvin Klein underwear, jeans and sportswear lines under license, thus consolidating control of the Calvin Klein brand. The Warnaco acquisition also added the Warner's and Olga intimate apparel brands, as well the Speedo swimwear brand (the latter in North America only).

In November 2013 PVH sold the G.H. Bass brand and all of its assets, images and licenses to G-III Apparel Group. PVH ended its licensing agreement with Trump in July 2015, after Macy's discontinued sales of his Trump Signature Collection due to controversial comments that he made regarding illegal immigrants.

PVH provides products to many popular department stores, such as Sears, JC Penney, Macy's, MYER, David Jones, Kohl's, and Dillard's, both through its own labels and private label agreements. PVH also sells its products directly to customers through about 700 outlet stores under the brand names Van Heusen, Tommy Hilfiger, and Calvin Klein.

The Calvin Klein stores sell the full range of products at full price, differing from existing outlet stores. These stores are about 10,000 square feet (930 m). Phillips-Van Heusen closed its Geoffrey Beene outlet retail division in 2008. Approximately 25 percent of the Geoffrey Beene outlet stores became Calvin Klein stores, while the remaining 75 percent of stores closed entirely. The company will continue to license the Geoffrey Beene brand name for Geoffrey Beene brand dress shirts and men's sportswear until at least 2013. In 2015, PVH closed its Izod retail division due to an increasing competitive environment driven by more premium brands in the outlet retail channel; this did not affect Izod's wholesale business to department stores and online retailers. The Izod Golf line is now available at select Van Heusen stores.

Historically, PVH has not had a strong advertising presence of its own, preferring to let its department store customers market their products within its stores.

On October 4, 2007, PVH took over naming rights to the Meadowlands Sports Complex arena in East Rutherford, New Jersey. The arena's name was changed to the Izod Center, and the change became effective on October 31, 2007. The corporation will pay about $1.3 million a year over the next five years for the naming rights, and will handle marketing for arena events.

In July 2011, PVH—along with other major fashion and sportswear brands including Nike, Adidas and Abercrombie & Fitch—was the subject of a report by the environmental group Greenpeace entitled "Dirty Laundry". PVH is accused of working with suppliers in China who, according to the findings of the report, contribute to the pollution of the Yangtze and Pearl Rivers. Samples taken from one facility belonging to the Youngor Group located on the Yangtze River Delta and another belonging to the Well Dyeing Factory Ltd. located on a tributary of the Pearl River Delta revealed the presence of hazardous and persistent hormone disruptor chemicals, including alkylphenols, perfluorinated compounds, and perfluorooctane sulfonate.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2023 2022-11-29 Future report Set alerts
Q2 2023 2022-08-30 2.08 2.08
Q1 2023 2022-06-01 1.94 1.94
Q4 2022 2022-03-29 2.84 2.84
Q3 2022 2021-12-01 2.67 2.67
Q2 2022 2021-08-31 2.72 2.72
Q1 2022 2021-06-02 1.92 1.92
Q4 2021 2021-03-30 -0.38 -0.38
Q3 2021 2020-12-02 1.32 1.32
Q2 2021 2020-09-02 0.13 0.13

Ratings

2016-06-28 Reiterated Rating Piper Jaffray Overweight $109.00
2016-06-28 Reiterated Rating Piper Jaffray Cos. Overweight $109.00
2016-06-15 Reiterated Rating Piper Jaffray Buy $109.00
2016-05-29 Boost Price Target Brean Capital Buy $111.00 to $115.00
2016-05-27 Boost Price Target Citigroup Inc. Neutral $95.00 to $96.00
2016-05-27 Boost Price Target Buckingham Research Buy $116.00 to $118.00
2016-05-26 Boost Price Target Piper Jaffray $109.00
2016-05-23 Reiterated Rating Brean Capital Buy $111.00 to $115.00
2016-05-23 Reiterated Rating Wunderlich Buy $125.00
2016-05-12 Reiterated Rating Goldman Sachs Buy
2016-05-12 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-04-12 Reiterated Rating Deutsche Bank Buy
2016-04-12 Reiterated Rating Deutsche Bank AG Buy
2016-03-31 Reiterated Rating Brean Capital Buy $102.00 to $111.00
2016-03-28 Reiterated Rating Morgan Stanley Hold $98.00
2016-03-28 Boost Price Target Cowen and Company Outperform $90.00 to $105.00
2016-03-28 Reiterated Rating Deutsche Bank Buy $95.00 to $110.00
2016-03-28 Reiterated Rating Telsey Advisory Group Outperform $93.00 to $113.00
2016-03-28 Reiterated Rating Goldman Sachs Neutral $84.00 to $92.00
2016-03-24 Boost Price Target Brean Capital Buy $102.00 to $111.00
2016-03-24 Reiterated Rating Piper Jaffray Overweight $95.00 to $97.00
2016-03-22 Reiterated Rating Deutsche Bank Buy $95.00 to $110.00
2016-03-21 Lower Price Target JPMorgan Chase & Co. Neutral $100.00 to $93.00
2016-03-14 Reiterated Rating Piper Jaffray Overweight $88.00 to $95.00
2016-02-02 Reiterated Rating Brean Capital Buy $102.00
2016-02-02 Reiterated Rating Piper Jaffray Overweight $88.00
2016-01-21 Lower Price Target Goldman Sachs $90.00 to $83.00
2015-12-16 Lower Price Target Bank of America Underperform $78.00 to $75.00
2015-12-16 Lower Price Target Bank of America Corp. Underperform $78.00 to $75.00
2015-12-14 Lower Price Target Deutsche Bank Buy $105.00 to $95.00
2015-12-08 Reiterated Rating Piper Jaffray Buy
2015-12-08 Lower Price Target JPMorgan Chase & Co. Neutral $126.00 to $93.00
2015-12-07 Lower Price Target Piper Jaffray Overweight $115.00 to $88.00
2015-12-05 Reiterated Rating Telsey Advisory Group Buy
2015-12-04 Lower Price Target Citigroup Inc. Neutral $118.00 to $93.00
2015-12-04 Lower Price Target Evercore ISI Buy $130.00 to $100.00
2015-12-04 Lower Price Target Deutsche Bank Buy $132.00 to $106.00
2015-12-04 Lower Price Target Telsey Advisory Group Outperform $125.00 to $105.00
2015-12-03 Downgrade Credit Suisse Outperform to Neutral $134.00 to $101.00
2015-12-03 Reiterated Rating Cowen and Company Buy $130.00 to $115.00
2015-12-03 Reiterated Rating Brean Capital Buy $111.00 to $100.00
2015-12-03 Downgrade Credit Suisse Group AG Outperform to Neutral $134.00 to $101.00
2015-12-01 Reiterated Rating Nomura Buy $135.00
2015-12-01 Reiterated Rating Nomura Holdings Inc. Buy $135.00
2015-11-26 Reiterated Rating Telsey Advisory Group Buy
2015-11-25 Lower Price Target Telsey Advisory Group Outperform $134.00 to $125.00
2015-11-24 Lower Price Target Brean Capital Buy $125.00 to $111.00
2015-11-23 Lower Price Target Goldman Sachs $111.00 to $94.00
2015-11-16 Reiterated Rating Piper Jaffray Overweight $132.00 to $115.00
2015-11-02 Lower Price Target Janney Montgomery Scott $132.00
2015-10-15 Initiated Coverage Brean Capital Buy $125.00
2015-09-29 Reiterated Rating Cowen and Company Buy $130.00
2015-09-05 Reiterated Rating Piper Jaffray Overweight $132.00
2015-08-31 Boost Price Target Buckingham Research Buy $132.00 to $138.00
2015-08-31 Reiterated Rating Deutsche Bank Buy $135.00
2015-08-27 Lower Price Target JPMorgan Chase & Co. Neutral $129.00 to $126.00
2015-08-27 Boost Price Target Piper Jaffray Overweight $130.00 to $132.00
2015-08-25 Reiterated Rating Piper Jaffray Overweight $130.00 to $132.00
2015-08-25 Reiterated Rating Deutsche Bank Buy $135.00
2015-08-19 Reiterated Rating Piper Jaffray Buy $130.00
2015-08-05 Reiterated Rating Piper Jaffray Overweight $130.00
2015-07-21 Reiterated Rating Cowen and Company Outperform $130.00
2015-07-02 Reiterated Rating JPMorgan Chase & Co. Neutral $107.00 to $129.00
2015-06-29 Reiterated Rating Piper Jaffray Overweight $130.00
2015-06-23 Boost Price Target JPMorgan Chase & Co. Hold $107.00 to $129.00
2015-06-22 Boost Price Target Citigroup Inc. Neutral $113.00 to $116.00
2015-06-10 Reiterated Rating Piper Jaffray Overweight $130.00
2015-06-03 Boost Price Target Janney Montgomery Scott Buy $126.00 to $133.00
2015-06-03 Reiterated Rating Telsey Advisory Group Outperform $118.00 to $134.00
2015-06-01 Reiterated Rating Piper Jaffray Overweight $130.00
2015-06-01 Reiterated Rating Morgan Stanley Hold $115.00
2015-06-01 Reiterated Rating Deutsche Bank Buy $130.00
2015-05-04 Set Price Target Piper Jaffray Buy $130.00
2015-04-02 Boost Price Target JPMorgan Chase & Co. Neutral $93.00 to $107.00
2015-03-30 Reiterated Rating Morgan Stanley Equal Weight $115.00
2015-03-27 Lower Price Target Janney Montgomery Scott Buy $132.00 to $126.00
2015-03-24 Lower Price Target Deutsche Bank Buy $145.00 to $130.00
2015-03-23 Reiterated Rating Citigroup Inc. Hold $139.00 to $115.00
2015-03-23 Lower Price Target Wunderlich Buy $150.00 to $125.00
2015-03-23 Lower Price Target Telsey Advisory Group Outperform $146.00 to $118.00
2015-03-18 Reiterated Rating Deutsche Bank Buy $145.00 to $130.00
2015-03-03 Downgrade Goldman Sachs Conviction-Buy to Neutral $109.00
2015-02-09 Reiterated Rating JPMorgan Chase & Co. Hold $135.00 to $93.00
2015-01-06 Downgrade Citigroup Inc. Buy to Neutral
2014-12-23 Set Price Target Piper Jaffray Buy $142.00 to $155.00
2014-12-04 Reiterated UBS Buy $170 to $165
2014-12-04 Reiterated Rating Citigroup Inc. Buy $145.00 to $143.00
2014-12-04 Boost Price Target Piper Jaffray $142.00
2014-12-01 Boost Price Target Morgan Stanley Equal Weight $133.00 to $136.00
2014-11-05 Reiterated Rating Citigroup Inc. Buy $148.00 to $145.00
2014-09-12 Initiated Coverage Wunderlich Hold to Buy $150.00
2014-09-05 Reiterated Janney Buy $144 to $150
2014-09-05 Boost Price Target Deutsche Bank $145.00 to $155.00
2014-09-05 Reiterated Rating Telsey Advisory Group $152.00
2014-09-05 Downgrade S&P Equity Research Hold to Underperform $125.00
2014-09-05 Downgrade Bank of America Neutral to Underperform $125.00
2014-09-05 Boost Price Target Janney Montgomery Scott Buy $144.00 to $150.00
2014-09-04 Reiterated Rating Morgan Stanley Equal Weight
2014-07-15 Upgrade Oppenheimer Market Perform to Outperform $1.00 to $80.00
2014-07-15 Upgrade Oppenheimer Holdings Inc. Market Perform to Outperform $1.00 to $80.00
2014-06-11 Reiterated Rating JPMorgan Chase & Co. Neutral $131.00 to $128.00
2014-06-05 Lower Price Target Brean Capital Buy $150.00 to $145.00
2014-06-05 Downgrade Evercore ISI Strong-Buy to Buy
2014-05-27 Boost Price Target Cowen and Company Outperform $140.00 to $145.00
2014-05-13 Boost Price Target JPMorgan Chase & Co. Neutral $130.00 to $131.00
2014-04-11 Reiterated Rating Bank of America Neutral $120.00 to $125.00
2014-04-02 Boost Price Target Barclays Overweight $140.00 to $150.00
2014-03-31 Reiterated Rating Deutsche Bank Buy $145.00
2014-03-27 Lower Price Target Telsey Advisory Group Not Rated $154.00 to $152.00
2014-03-27 Boost Price Target Nomura Buy $140.00 to $180.00
2014-03-27 Lower Price Target Janney Montgomery Scott $150.00 to $148.00
2014-03-27 Lower Price Target Citigroup Inc. $146.00 to $144.00
2014-03-27 Upgrade Goldman Sachs Buy to Conviction-Buy $160.00
2014-03-18 Initiated Coverage Barclays Overweight $140.00
2014-03-13 Initiated Coverage Nomura Neutral to Equal Weight
2014-03-13 Downgrade Morgan Stanley Overweight to Equal Weight $139.00
2014-03-13 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-03-13 Downgrade Wells Fargo Outperform to Market Perform
2014-03-07 Lower Price Target Piper Jaffray Overweight $146.00
2014-02-12 Initiated Coverage Nomura Buy $140.00
2014-01-28 Reiterated Rating Janney Montgomery Scott Fair Value $154.00 to $150.00
2013-12-19 Initiated Janney Buy $150
2013-12-18 Initiated Coverage Janney Montgomery Scott Buy $150.00
2013-12-11 Reiterated Rating Citigroup Inc. Buy $142.00 to $154.00
2013-12-11 Boost Price Target RBC Capital Outperform $135.00 to $145.00
2013-11-04 Reiterated Rating Piper Jaffray Buy $138.00
2013-11-04 Boost Price Target JPMorgan Chase & Co. Neutral $124.00 to $132.00
2013-10-03 Lower Price Target Bank of America $134.00 to $130.00
2013-10-01 Lower Price Target Piper Jaffray Overweight $141.00 to $138.00
2013-09-24 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform
2011-06-02 Reiterated RBC Capital Mkts Outperform $78 to $80
2011-03-29 Reiterated Brean Murray Buy $70 to $80
2011-03-24 Reiterated Brean Murray Buy $85 to $70
2010-12-03 Reiterated Brean Murray Buy $80 to $85
2016-06-28 Reiterated Rating Piper Jaffray Overweight $109.00
2016-06-28 Reiterated Rating Piper Jaffray Cos. Overweight $109.00
2016-06-15 Reiterated Rating Piper Jaffray Buy $109.00
2016-05-29 Boost Price Target Brean Capital Buy $111.00 to $115.00
2016-05-27 Boost Price Target Citigroup Inc. Neutral $95.00 to $96.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CHIRICO EMANUEL Chairman & CEO 0.29%  (237420) DKS / PVH /
FULLER JOSEPH B 0.05%  (44080) PVH /
DUANE FRANCIS K CEO, Wholesale Apparel 0.05%  (37993) PVH /
Shaffer Michael A Executive VP and CFO 0.04%  (33682) BBW / PVH /
MAGGIN BRUCE 0.03%  (25363) CETV / PVH /
GRIEDER DANIEL CEO, PVH Europe 0.03%  (24034) PVH /
RYDIN CRAIG W 0.03%  (21140) PCLN / PVH /
NASELLA HENRY 0.03%  (21140) PVH /
Marino Vincent James 0.03%  (21140) ODP / PVH /
SHIFFMAN STEVEN B President & CEO, Calvin Klein 0.03%  (20943) PVH /
RODRIGUEZ RITA M 0.03%  (20626) AMG / PVH /
McCluskey Helen 0.02%  (17793) AVP / DF / PVH / SIG /
GEHRING FRED CEO of Tommy Hilfiger 0.02%  (16750) PVH /
KOZEL DAVID F EVP, General Counsel & Sec. 0.02%  (15848) PVH /
FISCHER MARK D SVP, General Counsel & Sec. 0.02%  (12843) PVH /
Figuereo Juan R 0.01%  (9965) NIHD / PVH / REV /
BAGLIVO MARY 0.01%  (9903) HST / PVH / RUTH /
ONNINK LUDOVICUS RUDOLPH COO of Tommy Hilfiger 0.01%  (8942) PVH /
PERLMAN DANA SVP, Treasurer, Investor Rel. 0.01%  (7977) PVH /
MURRY PAUL THOMAS President, Calvin Klein 0.01%  (6927) PVH /
Rosenfeld Edward R. 0.01%  (6230) PVH / SHOO /
GOLDSTEIN BRUCE SVP, Corporate Controller 0.01%  (6114) PVH /
HOLMES JAMES SVP and Controller 0.01%  (5777) PVH /
Callinicos Brent 0.01%  (5230) PVH /
McIntyre Geraldine Penny 0.01%  (5066) PVH /