Bastion Asset Management Inc. Has $4.38 Million Stock Holdings in PVH Corp. $PVH

Bastion Asset Management Inc. grew its position in PVH Corp. (NYSE:PVH) by 1,347.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,396 shares of the textile maker’s stock after buying an additional 59,946 shares during the period. PVH makes up 2.0% of Bastion Asset Management Inc.’s portfolio, making the stock its 19th largest position. Bastion Asset Management Inc. owned approximately 0.13% of PVH worth $4,381,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PVH. Savant Capital LLC acquired a new position in PVH in the 2nd quarter worth $229,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of PVH during the second quarter worth about $38,000. Levin Capital Strategies L.P. bought a new stake in PVH in the 2nd quarter valued at approximately $933,000. Bridgewater Advisors Inc. acquired a new position in PVH during the 2nd quarter worth approximately $206,000. Finally, South Dakota Investment Council grew its stake in shares of PVH by 52.3% during the 2nd quarter. South Dakota Investment Council now owns 228,753 shares of the textile maker’s stock worth $15,692,000 after acquiring an additional 78,554 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of PVH in a research report on Thursday, October 23rd. Wells Fargo & Company lifted their price target on shares of PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Morgan Stanley increased their price objective on shares of PVH from $64.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. BTIG Research started coverage on PVH in a research report on Tuesday, October 14th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, UBS Group upped their target price on PVH from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.13.

PVH Stock Down 2.5%

Shares of PVH stock opened at $75.97 on Friday. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 2.54 and a beta of 1.89. The firm’s 50-day moving average is $83.26 and its 200-day moving average is $77.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37.

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

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 1.68%.

PVH 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.