Hsbc Holdings PLC Trims Stock Position in PVH Corp. $PVH

Key Points

• Hsbc Holdings PLC cut its PVH stake by 60.2% in the second quarter, selling 25,430 shares and retaining 16,820 shares valued at approximately $1.25 million. Institutional investors collectively own 97.25% of PVH.
• Analyst sentiment is mixed, with six Buy, six Hold, and two Sell ratings. PVH has a consensus rating of Hold and an average price target of $86.55, while several firms recently lowered their targets.
• PVH’s latest quarterly results exceeded expectations, reporting EPS of $3.70 versus the $3.08 consensus and revenue of $2.10 billion. CEO Stefan Larsson also purchased roughly $1 million of company stock, while shares recently traded near $70.58.

Hsbc Holdings PLC lessened its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 60.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,820 shares of the textile maker's stock after selling 25,430 shares during the quarter. Hsbc Holdings PLC's holdings in PVH were worth $1,248,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new position in PVH during the second quarter worth about $444,571,000. BlackRock Inc. purchased a new position in PVH in the second quarter valued at about $332,758,000. Dimensional Fund Advisors LP grew its stake in shares of PVH by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker's stock valued at $204,786,000 after buying an additional 54,635 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker's stock valued at $173,216,000 after purchasing an additional 44,346 shares during the period. Finally, LSV Asset Management increased its stake in PVH by 8.4% during the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker's stock worth $142,595,000 after buying an additional 164,343 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PVH shares. Wall Street Zen lowered PVH from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Bank of America reaffirmed an "underperform" rating and issued a $70.00 price target (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Needham & Company LLC reduced their price objective on PVH from $102.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. The Goldman Sachs Group cut their target price on PVH from $93.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $100.00 price objective on shares of PVH in a report on Friday, June 5th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, PVH currently has a consensus rating of "Hold" and an average target price of $86.55.

Insider Buying and Selling at PVH

In other news, CEO Stefan Larsson purchased 14,179 shares of PVH stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average price of $70.53 per share, for a total transaction of $1,000,044.87. Following the transaction, the chief executive officer owned 349,889 shares in the company, valued at $24,677,671.17. The trade was a 4.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

PVH Trading Up 1.8%

Shares of PVH stock opened at $70.58 on Friday. PVH Corp. has a fifty-two week low of $59.60 and a fifty-two week high of $100.75. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -19.08, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72. The business has a fifty day simple moving average of $79.06 and a 200-day simple moving average of $79.15.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.10 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.52 EPS. PVH has set its Q3 2026 guidance at 2.500-2.650 EPS and its FY 2026 guidance at 11.800-12.100 EPS. On average, equities analysts forecast that PVH Corp. will post 12.06 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared 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 is Wednesday, September 2nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH's dividend payout ratio (DPR) is -4.05%.

PVH Company 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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.