Bank of America Corp DE Boosts Position in PVH Corp. $PVH

Bank of America Corp DE lifted its position in PVH Corp. (NYSE:PVH - Free Report) by 8.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,813 shares of the textile maker's stock after buying an additional 13,834 shares during the quarter. Bank of America Corp DE owned approximately 0.38% of PVH worth $12,265,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PVH. Principal Financial Group Inc. boosted its stake in PVH by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 563,629 shares of the textile maker's stock valued at $37,774,000 after buying an additional 12,279 shares during the period. Fifth Third Bancorp increased its stake in PVH by 5,248.4% in the 1st quarter. Fifth Third Bancorp now owns 30,165 shares of the textile maker's stock worth $2,104,000 after acquiring an additional 29,601 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of PVH by 391.1% in the 1st quarter. Hsbc Holdings PLC now owns 42,250 shares of the textile maker's stock valued at $2,928,000 after acquiring an additional 33,646 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of PVH in the 1st quarter valued at about $1,087,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker's stock valued at $173,216,000 after acquiring an additional 44,346 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Stock Performance

Shares of PVH stock opened at $78.56 on Friday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.16 and a beta of 1.74. The stock has a fifty day moving average of $79.83 and a 200 day moving average of $78.52. PVH Corp. has a 52 week low of $59.60 and a 52 week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. 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 expect that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is 4.75%.

Analyst Upgrades and Downgrades

PVH has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a "buy" rating and issued a $100.00 target price on shares of PVH in a research note on Friday, June 5th. Weiss Ratings lowered shares of PVH from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, July 14th. Bank of America restated an "underperform" rating and set a $70.00 price objective (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. UBS Group dropped their price objective on shares of PVH from $130.00 to $121.00 and set a "buy" rating for the company in a report on Friday, June 5th. Finally, Needham & Company LLC lowered their price target on PVH from $107.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, June 4th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $86.62.

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.

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