New York State Common Retirement Fund Sells 7,900 Shares of PVH Corp. $PVH

New York State Common Retirement Fund lessened its position in PVH Corp. (NYSE:PVH) by 21.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,604 shares of the textile maker’s stock after selling 7,900 shares during the period. New York State Common Retirement Fund’s holdings in PVH were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in PVH during the 3rd quarter worth approximately $74,338,000. Federated Hermes Inc. grew its stake in shares of PVH by 9.0% during the second quarter. Federated Hermes Inc. now owns 281,149 shares of the textile maker’s stock worth $19,287,000 after buying an additional 23,203 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock worth $439,564,000 after buying an additional 246,070 shares in the last quarter. Truist Financial Corp lifted its stake in shares of PVH by 57.3% in the 2nd quarter. Truist Financial Corp now owns 10,978 shares of the textile maker’s stock valued at $753,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Atlantic Investment Management Inc. acquired a new stake in shares of PVH during the 2nd quarter valued at $8,918,000. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PVH. Telsey Advisory Group reiterated an “outperform” rating and issued a $95.00 price objective on shares of PVH in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of PVH in a report on Friday, December 5th. UBS Group restated a “buy” rating and issued a $148.00 price objective on shares of PVH in a report on Tuesday, November 25th. Finally, Citigroup cut their target price on PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, PVH presently has a consensus rating of “Hold” and an average target price of $91.60.

PVH Trading Up 2.5%

Shares of PVH stock opened at $66.22 on Monday. The stock has a market capitalization of $3.03 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.72. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $89.79. The stock has a 50 day moving average price of $68.86 and a two-hundred day moving average price of $76.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 3rd. The textile maker reported $2.83 EPS for the quarter, topping the consensus estimate of $2.56 by $0.27. The firm had revenue of $2.29 billion during 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, equities analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s payout ratio is presently 2.25%.

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.