Fifth Third Bancorp Boosts Stake in PVH Corp. $PVH

Fifth Third Bancorp raised its holdings in PVH Corp. (NYSE:PVH) by 5,248.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 30,165 shares of the textile maker’s stock after buying an additional 29,601 shares during the period. Fifth Third Bancorp’s holdings in PVH were worth $2,104,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new position in PVH in the 3rd quarter worth about $25,000. Global Retirement Partners LLC increased its position in shares of PVH by 513.9% during the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after acquiring an additional 370 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of PVH in the fourth quarter valued at approximately $36,000. Quarry LP bought a new position in PVH in the third quarter worth approximately $58,000. Finally, Larson Financial Group LLC grew its stake in PVH by 70,300.0% in the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after purchasing an additional 703 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 equities analysts have recently issued reports on PVH shares. Wells Fargo & Company dropped their price target on PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Citigroup reissued a “buy” rating on shares of PVH in a research report on Friday, June 5th. The Goldman Sachs Group lowered their price target on shares of PVH from $93.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Zacks Research lowered shares of PVH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Bank of America reaffirmed an “underperform” rating and set a $70.00 target price (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.54.

PVH Stock Performance

Shares of PVH opened at $78.78 on Wednesday. The stock has a 50-day moving average of $80.94 and a two-hundred day moving average of $75.59. PVH Corp. has a one year low of $59.60 and a one year high of $100.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.68. The stock has a market cap of $3.63 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.14 and a beta of 1.75.

PVH (NYSE:PVH) last announced its quarterly earnings data 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. PVH had a return on equity of 10.87% and a net margin of 1.76%.The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business posted $2.30 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. As a group, research analysts predict that PVH Corp. will post 12.03 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is 4.75%.

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.