Principal Financial Group Inc. Trims Stock Position in PVH Corp. $PVH

Principal Financial Group Inc. decreased its holdings in PVH Corp. (NYSE:PVH) by 10.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 551,350 shares of the textile maker’s stock after selling 65,114 shares during the quarter. Principal Financial Group Inc.’s holdings in PVH were worth $46,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in PVH in the second quarter worth approximately $38,000. Hantz Financial Services Inc. grew its position in shares of PVH by 1,284.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 578 shares during the period. Farther Finance Advisors LLC increased its stake in shares of PVH by 128.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 892 shares of the textile maker’s stock worth $75,000 after purchasing an additional 502 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PVH by 45.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after purchasing an additional 284 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in PVH by 41.2% in the 2nd quarter. Blue Trust Inc. now owns 952 shares of the textile maker’s stock worth $65,000 after purchasing an additional 278 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Up 5.4%

PVH opened at $65.61 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $69.62 and its two-hundred day moving average is $76.49. The company has a market capitalization of $3.00 billion, a P/E ratio of 9.84, a PEG ratio of 2.07 and a beta of 1.72. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $89.79.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.27. The business 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 business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.03 EPS. 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 forecast that PVH Corp. will post 11.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on PVH shares. Citigroup cut their price objective on PVH from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, December 8th. Jefferies Financial Group cut 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, January 27th. Wells Fargo & Company cut their target price on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. UBS Group reissued a “buy” rating and set a $148.00 price objective on shares of PVH in a research note on Tuesday, November 25th. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Friday, December 5th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.60.

About PVH

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.