SummerHaven Investment Management LLC Invests $956,000 in PVH Corp. $PVH

SummerHaven Investment Management LLC bought a new stake in PVH Corp. (NYSE:PVH) in the 3rd quarter, Holdings Channel.com reports. The firm bought 11,412 shares of the textile maker’s stock, valued at approximately $956,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in PVH by 170.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker’s stock worth $147,262,000 after buying an additional 1,296,881 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of PVH during the third quarter worth approximately $74,338,000. American Century Companies Inc. increased its holdings in shares of PVH by 31.8% in the 2nd quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after acquiring an additional 255,755 shares during the period. Pzena Investment Management LLC increased its holdings in shares of PVH by 4.0% in the 2nd quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after acquiring an additional 246,070 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in PVH by 79.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after purchasing an additional 245,740 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $62.37 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $71.42 and a 200-day simple moving average of $76.89. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth 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.

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

Analysts Set New Price Targets

Several research analysts have issued reports on PVH shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Thursday, December 4th. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of PVH in a report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of PVH in a research report on Thursday, January 22nd. Jefferies Financial Group decreased their price objective on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Guggenheim assumed coverage on PVH in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PVH has an average rating of “Hold” and an average price target of $91.60.

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.