Maxi Investments CY Ltd purchased a new stake in shares of PVH Corp. (NYSE:PVH – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,553 shares of the textile maker’s stock, valued at approximately $781,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Pzena Investment Management LLC acquired a new position in shares of PVH in the second quarter worth $444,571,000. BlackRock Inc. acquired a new stake in PVH during the second quarter valued at $332,758,000. Allspring Global Investments Holdings LLC grew its stake in PVH by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker’s stock valued at $173,216,000 after purchasing an additional 44,346 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in PVH in the second quarter valued at about $25,665,000. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in PVH by 16.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 325,018 shares of the textile maker’s stock valued at $22,673,000 after purchasing an additional 45,790 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other PVH news, CEO Stefan Larsson bought 14,179 shares of the stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $70.53 per share, with a total value of $1,000,044.87. Following the acquisition, the chief executive officer directly owned 349,889 shares of the company’s stock, valued at $24,677,671.17. This represents a 4.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have weighed in on PVH shares. Needham & Company LLC dropped their target price on PVH from $102.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Zacks Research upgraded PVH from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 2nd. Weiss Ratings raised PVH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Jefferies Financial Group raised their target price on PVH from $91.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. reduced their price target on PVH from $84.00 to $83.00 and set an “underweight” rating for the company in a research report on Thursday, September 3rd. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, PVH has an average rating of “Hold” and an average price target of $87.91.
Get Our Latest Stock Report on PVH
PVH Stock Performance
Shares of PVH opened at $86.53 on Tuesday. The company has a market capitalization of $3.99 billion, a PE ratio of -23.39, a price-to-earnings-growth ratio of 1.06 and a beta of 1.76. PVH Corp. has a one year low of $59.60 and a one year high of $100.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.65 and a quick ratio of 0.93. The company’s fifty day moving average price is $77.12 and its 200 day moving average price is $76.96.
PVH (NYSE:PVH – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.62. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. PVH had a negative net margin of 1.89% and a positive return on equity of 11.94%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.52 earnings per share. PVH has set its Q3 2026 guidance at 2.500-2.650 EPS and its FY 2026 guidance at 11.800-12.100 EPS. As a group, analysts expect that PVH Corp. will post 12.06 earnings per share for the current year.
PVH Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio is presently -4.05%.
About PVH
PVH Corp. (NYSE: PVH) is a global apparel company that owns and manages the Calvin Klein and Tommy Hilfiger brands. Its products include clothing, underwear, accessories, footwear, and related lifestyle merchandise sold through wholesale partners, company-operated stores, e-commerce platforms, and licensing arrangements.
The company traces its history to 1881, when Moses Phillips began selling shirts in New York. Formerly known as Phillips-Van Heusen Corporation, PVH expanded through acquisitions, including the purchase of Calvin Klein in 2003 and Tommy Hilfiger in 2010.
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