4,480,988 Shares in PVH Corp. $PVH Bought by BlackRock Inc.

Key Points

• BlackRock acquired 4.48 million PVH shares worth approximately $332.8 million, giving it a 9.72% stake. Institutional investors collectively own 97.25% of the apparel company.
• Analyst sentiment is mixed: six analysts rate PVH a Buy, six a Hold and three a Sell, resulting in a consensus Hold rating and an average price target of $85.42.
• PVH exceeded quarterly earnings expectations with EPS of $2.01 versus the $1.80 consensus, while revenue rose 2.1% year over year to $2.03 billion. The company also declared a quarterly dividend of $0.0375 per share, producing a 0.2% annualized yield.

BlackRock Inc. bought a new stake in PVH Corp. (NYSE:PVH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,480,988 shares of the textile maker's stock, valued at approximately $332,758,000. BlackRock Inc. owned about 9.72% of PVH as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new position in shares of PVH during the 2nd quarter valued at about $813,000. Global Retirement Partners LLC bought a new stake in PVH in the 2nd quarter worth approximately $26,000. Bank of New York Mellon Corp purchased a new stake in PVH in the second quarter worth approximately $25,665,000. Bridgewater Advisors Inc. purchased a new stake in PVH in the second quarter worth approximately $289,000. Finally, Handelsbanken Fonder AB grew its position in PVH by 1.4% during the second quarter. Handelsbanken Fonder AB now owns 14,700 shares of the textile maker's stock valued at $1,092,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of PVH from $93.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Citigroup reaffirmed a "buy" rating on shares of PVH in a report on Friday, June 5th. Needham & Company LLC decreased their target price on shares of PVH from $107.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, June 4th. Zacks Research downgraded shares of PVH from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $84.00 price target (up from $70.00) on shares of PVH in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.42.

PVH Stock Performance

NYSE:PVH opened at $78.39 on Thursday. The stock has a market cap of $3.61 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.74. The firm's fifty day simple moving average is $79.61 and its 200 day simple moving average is $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 - Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the business earned $2.30 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. 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 12.01 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed 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 is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio (DPR) is 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.

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