PVH Corp. $PVH Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its holdings in PVH Corp. (NYSE:PVH) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the textile maker’s stock after selling 1,800 shares during the period. State of Michigan Retirement System’s holdings in PVH were worth $789,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PVH. Versor Investments LP acquired a new stake in PVH in the 2nd quarter worth about $576,000. Moody Aldrich Partners LLC purchased a new position in shares of PVH during the 2nd quarter worth about $1,989,000. Retirement Systems of Alabama boosted its position in shares of PVH by 224.1% in the second quarter. Retirement Systems of Alabama now owns 219,434 shares of the textile maker’s stock worth $15,053,000 after acquiring an additional 151,721 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in PVH by 1,284.4% in the second quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 578 shares during the period. Finally, Conscious Wealth Investments LLC increased its position in PVH by 2.7% during the second quarter. Conscious Wealth Investments LLC now owns 52,504 shares of the textile maker’s stock worth $3,953,000 after purchasing an additional 1,379 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PVH shares. The Goldman Sachs Group lifted their price target on shares of PVH from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 28th. BTIG Research initiated coverage on PVH in a report on Tuesday, October 14th. They issued a “buy” rating and a $100.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and set a $90.00 price target on shares of PVH in a research note on Wednesday, August 27th. UBS Group raised their price objective on PVH from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Barclays boosted their target price on PVH from $83.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.13.

PVH Trading Up 1.0%

NYSE:PVH opened at $76.76 on Friday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 2.54 and a beta of 1.89. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The business’s 50-day simple moving average is $83.11 and its 200 day simple moving average is $77.41.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $3.01 EPS. PVH’s quarterly revenue was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be issued a $0.0375 dividend. 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 is currently 1.68%.

About PVH

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.