Man Group plc Takes Position in PVH Corp. $PVH

Key Points

• Man Group plc acquired 200,559 shares of PVH during the second quarter, worth approximately $14.9 million and representing a 0.43% stake. Institutional investors collectively own 97.25% of PVH.
• PVH shares opened at $76.16, down 3.0%, while the company reported quarterly EPS of $2.01, exceeding analysts’ $1.80 estimate, and revenue of $2.03 billion, up 2.1% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $86.82; the company also declared a quarterly dividend of $0.0375 per share, equivalent to a 0.2% yield.

Man Group plc bought a new position in PVH Corp. (NYSE:PVH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,559 shares of the textile maker's stock, valued at approximately $14,894,000. Man Group plc owned 0.43% of PVH at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVH. Principal Financial Group Inc. grew its holdings in shares of PVH by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 563,629 shares of the textile maker's stock worth $37,774,000 after purchasing an additional 12,279 shares during the period. Fifth Third Bancorp raised its holdings in PVH by 5,248.4% in the first quarter. Fifth Third Bancorp now owns 30,165 shares of the textile maker's stock valued at $2,104,000 after buying an additional 29,601 shares during the period. Hsbc Holdings PLC raised its holdings in PVH by 391.1% in the first quarter. Hsbc Holdings PLC now owns 42,250 shares of the textile maker's stock valued at $2,928,000 after buying an additional 33,646 shares during the period. BlackRock Inc. acquired a new position in PVH during the second quarter valued at approximately $332,758,000. Finally, Bastion Asset Management Inc. purchased a new stake in PVH during the first quarter worth approximately $1,087,000. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Down 3.0%

PVH stock opened at $76.16 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $79.59 and a 200-day simple moving average of $78.97. The company has a market capitalization of $3.51 billion, a P/E ratio of 24.10, a PEG ratio of 1.16 and a beta of 1.74. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. On average, equities research analysts predict that PVH Corp. will post 12.01 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Analyst Ratings Changes

PVH has been the topic of a number of research reports. Citigroup reissued a "buy" rating on shares of PVH in a research note on Friday, June 5th. Needham & Company LLC cut their price objective on PVH from $107.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, June 4th. The Goldman Sachs Group reduced their price objective on PVH from $93.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Wall Street Zen lowered PVH from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Finally, Evercore set a $79.00 target price on PVH and gave the company an "in-line" rating in a report on Thursday, June 4th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, PVH presently has an average rating of "Hold" and a consensus target price of $86.82.

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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