BlackRock Inc. Makes New $332.76 Million Investment in PVH Corp. $PVH

BlackRock Inc. bought a new stake in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,480,988 shares of the textile maker’s stock, valued at approximately $332,758,000. BlackRock Inc. owned approximately 0.10% of PVH at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Neuberger Berman Group LLC lifted its position in PVH by 4.7% during the 4th quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker’s stock valued at $232,000 after acquiring an additional 155 shares during the period. GAMMA Investing LLC increased its stake in shares of PVH by 10.2% during the second quarter. GAMMA Investing LLC now owns 1,708 shares of the textile maker’s stock valued at $127,000 after purchasing an additional 158 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of PVH by 1.1% during the first quarter. NewEdge Advisors LLC now owns 16,212 shares of the textile maker’s stock valued at $1,131,000 after purchasing an additional 171 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of PVH by 15.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker’s stock worth $94,000 after purchasing an additional 180 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of PVH by 12.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after purchasing an additional 184 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of PVH in a research note on Friday, June 5th. Weiss Ratings lowered PVH from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Wells Fargo & Company reduced their price target on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Evercore set a $79.00 price objective on PVH and gave the company an “in-line” rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $84.00 target price (up from $70.00) on shares of PVH in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, PVH presently has a consensus rating of “Hold” and a consensus price target of $85.42.

PVH Stock Up 5.2%

PVH opened at $78.39 on Thursday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.10 and a beta of 1.74. The firm has a 50 day moving average price of $79.61 and a 200-day moving average price of $78.90. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.21. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $2.30 earnings per share. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. Equities research analysts forecast that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio is currently 4.75%.

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.