Allspring Global Investments Holdings LLC Purchases 1,296,881 Shares of PVH Corp. $PVH

Key Points

• Allspring Global Investments Holdings LLC significantly increased its stake in PVH Corp. by 170.6%, acquiring over 1.29 million additional shares in Q2, bringing its total ownership to 4.28% of the company.
• Several analysts have raised their target prices for PVH Corp., with Bank of America setting a new target of $88, indicating a generally positive sentiment about the stock's prospects.
• Despite a recent stock price decrease of 5.4%, PVH reported better than expected earnings of $2.52 per share, surpassing analysts’ estimates and indicating strong revenue growth year-over-year.

Allspring Global Investments Holdings LLC grew its position in PVH Corp. (NYSE:PVH - Free Report) by 170.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,057,013 shares of the textile maker's stock after acquiring an additional 1,296,881 shares during the quarter. Allspring Global Investments Holdings LLC owned 4.28% of PVH worth $147,262,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of PVH by 63.3% in the 2nd quarter. UMB Bank n.a. now owns 619 shares of the textile maker's stock worth $42,000 after acquiring an additional 240 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after acquiring an additional 185 shares during the period. Allworth Financial LP raised its holdings in shares of PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after buying an additional 408 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 buying an additional 284 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of 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 buying an additional 278 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America increased their target price on PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. UBS Group increased their target price on PVH from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Barclays increased their target price on PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Wells Fargo & Company increased their target price on PVH from $80.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a report on Sunday. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and an average target price of $95.27.

PVH Trading Down 5.4%

PVH stock opened at $76.40 on Monday. The business has a fifty day moving average price of $81.55 and a 200 day moving average price of $75.67. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 2.41 and a beta of 1.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.55. PVH had a return on equity of 11.90% and a net margin of 5.34%.The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period last year, the firm posted $3.01 EPS. The business's revenue was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. PVH's dividend payout ratio (DPR) is currently 1.68%.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.

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