PVH Corp. $PVH Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of PVH Corp. (NYSE:PVH) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,433 shares of the textile maker’s stock after selling 2,642 shares during the quarter. US Bancorp DE’s holdings in PVH were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS lifted its stake in shares of PVH by 3.8% in the second quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the textile maker’s stock worth $755,000 after acquiring an additional 400 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new position in shares of PVH in the second quarter worth about $3,430,000. QRG Capital Management Inc. lifted its stake in shares of PVH by 11.7% in the second quarter. QRG Capital Management Inc. now owns 6,750 shares of the textile maker’s stock worth $463,000 after acquiring an additional 706 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PVH by 45.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after acquiring an additional 284 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of PVH by 57.3% in the second quarter. Truist Financial Corp now owns 10,978 shares of the textile maker’s stock worth $753,000 after acquiring an additional 3,997 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PVH. Wells Fargo & Company boosted their price target on PVH from $80.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. UBS Group boosted their price target on PVH from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of PVH in a research note on Wednesday, October 8th. Bank of America boosted their price target on PVH from $76.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Finally, BTIG Research began coverage on PVH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $95.56.

PVH Stock Up 0.2%

Shares of PVH stock opened at $81.92 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.94 billion, a P/E ratio of 9.18, a P/E/G ratio of 2.57 and a beta of 1.89. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The business has a 50-day moving average price of $82.35 and a 200 day moving average price of $76.10.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.55. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.PVH’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. On average, sell-side analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio is 1.68%.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.