Legal & General Group Plc Invests $6.26 Million in PVH Corp. $PVH

Key Points

• Legal & General Group bought 84,331 PVH shares worth approximately $6.26 million, taking its stake to about 0.18%. Institutional investors collectively own 97.25% of the company.
• PVH beat second-quarter earnings expectations with adjusted EPS of $3.70 versus the $3.08 consensus, although revenue fell 3.2% year over year and the company reported a $102.9 million GAAP loss.
• Near-term outlook is mixed: full-year EPS guidance was maintained at $11.80–$12.10, but third-quarter guidance of $2.50–$2.65 trails analyst expectations. Analysts have a consensus “Hold” rating and an average price target of $86.82.

Legal & General Group Plc bought a new stake in PVH Corp. (NYSE:PVH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,331 shares of the textile maker's stock, valued at approximately $6,262,000. Legal & General Group Plc owned approximately 0.18% of PVH as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC acquired a new position in PVH during the 2nd quarter worth about $444,571,000. BlackRock Inc. acquired a new stake in PVH in the 2nd quarter valued at about $332,758,000. Bank of New York Mellon Corp bought a new position in shares of PVH in the second quarter worth about $25,665,000. Goldman Sachs Group Inc. raised its stake in shares of PVH by 79.8% in the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock worth $35,778,000 after acquiring an additional 245,740 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of PVH by 87.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker's stock worth $27,246,000 after purchasing an additional 189,666 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Trending Headlines about PVH

Here are the key news stories impacting PVH this week:

• Positive Sentiment: PVH reported second-quarter adjusted EPS of $3.70, well above the $3.08 consensus estimate and up from $2.52 a year earlier. Revenue of $2.097 billion was approximately in line with expectations. PVH Beats Q2 Earnings Estimates
• Positive Sentiment: Management reaffirmed its full-year 2026 non-GAAP outlook and expects to repurchase at least $300 million of stock during the year, potentially supporting shareholder returns. Digital commerce revenue increased 4%, while direct-to-consumer trends improved in the Americas and Asia-Pacific. PVH Reports 2026 Second Quarter Results
• Neutral Sentiment: Full-year EPS guidance remains $11.80–$12.10, broadly consistent with the $11.92 analyst consensus. Gross margin improved to 63.0%, helped substantially by tariff refunds, making the sustainability of the improvement an important investor focus. PVH Reports Second-Quarter Revenue and GAAP Loss
• Negative Sentiment: Third-quarter EPS guidance of $2.50–$2.65 is materially below the $3.17 consensus estimate, raising concerns about near-term earnings momentum.
• Negative Sentiment: Reported revenue declined 3.2% year over year, while PVH posted a $102.9 million GAAP net loss versus a $224.2 million profit a year earlier. Results included a $439 million noncash goodwill impairment charge, and the prior-period comparison benefited from $107 million in tariff refunds. PVH Second-Quarter Revenue Falls

Wall Street Analyst Weigh In

PVH has been the subject of a number of research reports. Bank of America reissued 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. Wall Street Zen downgraded PVH from a "buy" rating to a "hold" rating in a report on Saturday, June 6th. BTIG Research reiterated a "buy" rating and issued a $100.00 price objective on shares of PVH in a research report on Friday, June 5th. Citigroup reissued a "buy" rating on shares of PVH in a research note on Friday, June 5th. Finally, The Goldman Sachs Group dropped their target price on PVH from $93.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, June 5th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.82.

PVH Stock Down 0.6%

Shares of NYSE:PVH opened at $72.44 on Thursday. PVH Corp. has a one year low of $59.60 and a one year high of $100.75. The company has a 50 day moving average of $79.47 and a 200-day moving average of $79.13. 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 cap of $3.34 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.08 and a beta of 1.72.

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 for the quarter, beating the consensus estimate of $3.08 by $0.62. PVH had a net margin of 1.76% and a return on equity of 10.87%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $2.52 earnings per share. PVH's revenue was down 3.2% compared to the same quarter last year. 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, sell-side analysts forecast that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend 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 is 4.75%.

PVH Company 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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