Retirement Systems of Alabama Reduces Stock Position in PVH Corp. $PVH

Retirement Systems of Alabama trimmed its position in PVH Corp. (NYSE:PVH) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,469 shares of the textile maker’s stock after selling 32,965 shares during the quarter. Retirement Systems of Alabama owned about 0.39% of PVH worth $15,621,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PVH by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after buying an additional 5,240 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of PVH by 79.8% in the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after acquiring an additional 245,740 shares during the period. Caxton Associates LLP purchased a new position in shares of PVH during the first quarter worth $226,000. United Services Automobile Association purchased a new position in shares of PVH during the first quarter worth $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PVH by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock valued at $22,873,000 after purchasing an additional 30,077 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PVH shares. Jefferies Financial Group cut their price target on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup lowered their target price on PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, December 8th. UBS Group reiterated a “buy” rating and set a $148.00 price target on shares of PVH in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price target on PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of PVH in a research report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.60.

PVH Stock Up 0.6%

Shares of PVH opened at $62.37 on Wednesday. The firm has a market cap of $2.86 billion, a P/E ratio of 9.35, a PEG ratio of 2.20 and a beta of 1.73. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $93.56. The stock’s 50 day moving average is $71.42 and its two-hundred day moving average is $76.89. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.27. PVH had a return on equity of 11.44% and a net margin of 3.87%.The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $3.03 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. PVH has set its Q4 2025 guidance at 3.200-3.350 EPS and its FY 2025 guidance at 10.850-11.000 EPS. Analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.