Bank of America Corp DE Makes New Investment in PVH Corp. $PVH

Key Points

• Bank of America bought 152,577 PVH shares during the second quarter, establishing a position valued at approximately $11.33 million and representing 0.33% of the apparel company.
• PVH reported quarterly EPS of $3.70, exceeding the $3.08 consensus estimate, while revenue of $2.10 billion slightly topped expectations but declined 3.2% year over year.
• Despite the earnings beat and a $1 million purchase by CEO Stefan Larsson, analyst sentiment remains cautious: PVH has a consensus “Hold” rating and an average price target of $86.55.

Bank of America Corp DE purchased a new position in PVH Corp. (NYSE:PVH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 152,577 shares of the textile maker's stock, valued at approximately $11,330,000. Bank of America Corp DE owned 0.33% of PVH as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in PVH by 10.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,708 shares of the textile maker's stock worth $127,000 after purchasing an additional 158 shares during the period. NewEdge Advisors LLC increased its position in shares of PVH by 1.1% in the first quarter. NewEdge Advisors LLC now owns 16,212 shares of the textile maker's stock valued at $1,131,000 after acquiring an additional 171 shares during the period. Handelsbanken Fonder AB raised its stake in shares of 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. Parallel Advisors LLC raised its stake in shares of PVH by 12.6% during the first quarter. Parallel Advisors LLC now owns 1,937 shares of the textile maker's stock valued at $135,000 after acquiring an additional 217 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of PVH by 1.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,552 shares of the textile maker's stock worth $1,444,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insider Activity at PVH

In other PVH news, CEO Stefan Larsson bought 14,179 shares of PVH stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $70.53 per share, with a total value of $1,000,044.87. Following the acquisition, the chief executive officer owned 349,889 shares in the company, valued at approximately $24,677,671.17. This trade represents a 4.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

PVH Stock Performance

Shares of PVH stock opened at $75.94 on Friday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -20.52, a price-to-earnings-growth ratio of 0.95 and a beta of 1.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 1.65. PVH Corp. has a one year low of $59.60 and a one year high of $100.75. The company's 50-day moving average is $78.30 and its 200 day moving average is $79.60.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.62. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. PVH had a negative net margin of 1.89% and a positive return on equity of 11.94%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.52 earnings per share. PVH has set its Q3 2026 guidance at 2.500-2.650 EPS and its FY 2026 guidance at 11.800-12.100 EPS. Sell-side analysts expect that PVH Corp. will post 12.06 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, September 2nd. PVH's dividend payout ratio (DPR) is currently -4.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PVH shares. Bank of America reaffirmed an "underperform" rating and set a $70.00 price target (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Weiss Ratings lowered PVH from a "hold (c)" rating to a "sell (d)" rating in a research report on Monday, September 14th. JPMorgan Chase & Co. reduced their target price on PVH from $84.00 to $83.00 and set an "underweight" rating on the stock in a research note on Thursday, September 3rd. Wall Street Zen lowered PVH from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Finally, Wells Fargo & Company cut their price target on shares of PVH from $85.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday, June 5th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PVH presently has a consensus rating of "Hold" and a consensus target price of $86.55.

PVH Profile

PVH Corp. NYSE: PVH is a global apparel company that owns and operates internationally recognized fashion brands. Its principal brands are Calvin Klein and Tommy Hilfiger, which offer clothing, accessories, footwear, underwear, and related lifestyle products across a range of consumer categories.

The company sells its products through wholesale customers, company-operated and franchised stores, e-commerce platforms, and licensing arrangements. PVH serves customers in North America, Europe, the Asia-Pacific region, and other international markets through its retail, digital, and distribution networks.

PVH traces its origins to 1881 and has expanded through brand development and acquisitions, including its acquisition of Tommy Hilfiger and the Calvin Klein business.

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