Hsbc Holdings PLC Buys Shares of 16,820 PVH Corp. $PVH

Key Points

• HSBC Holdings PLC purchased 16,820 shares of PVH in the second quarter, valued at approximately $1.25 million. Institutional investors collectively own 97.25% of the apparel company.
• Analyst sentiment remains mixed, with six Buy, five Hold, and three Sell ratings; PVH has an average rating of Hold and an average price target of $86.82.
• PVH reported quarterly EPS of $2.01, beating estimates of $1.80, while revenue rose 2.1% year over year to $2.03 billion. The company also declared a quarterly dividend of $0.0375 per share.

Hsbc Holdings PLC purchased a new stake in PVH Corp. (NYSE:PVH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,820 shares of the textile maker's stock, valued at approximately $1,248,000.

Other hedge funds have also recently modified their holdings of the company. Danske Bank A S bought a new position in shares of PVH during the third quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in PVH in the second quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. bought a new position in PVH in the fourth quarter worth approximately $36,000. Allworth Financial LP purchased a new stake in PVH during the second quarter worth $41,000. Finally, Quarry LP purchased a new stake in PVH during the third quarter worth $58,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PVH. Wells Fargo & Company dropped their target price 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. Weiss Ratings cut PVH from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $84.00 price objective (up from $70.00) on shares of PVH in a research report on Tuesday, August 4th. Finally, Bank of America reiterated an "underperform" rating and issued a $70.00 target price (down from $90.00) on shares of PVH in a research note on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, PVH presently has an average rating of "Hold" and an average price target of $86.82.

PVH Stock Down 2.5%

PVH stock opened at $73.93 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 0.93. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.12 and a beta of 1.74. PVH Corp. has a 1-year low of $59.60 and a 1-year high of $100.75. The business has a fifty day moving average price of $79.48 and a 200-day moving average price of $79.07.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share 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 for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $2.30 EPS. The firm'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. Equities research analysts forecast that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Dividend Announcement

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