PVH Corp. $PVH Shares Purchased by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in PVH Corp. by 57.3% during Q2, owning 10,978 shares valued at approximately $753,000.
• PVH reported a Q2 earnings of $2.52 EPS, outperforming analysts' expectations, with revenues also exceeding estimates at $2.17 billion.
• The company's stock has experienced a 3.7% increase recently, with a current market capitalization of $4.00 billion.

Truist Financial Corp boosted its position in PVH Corp. (NYSE:PVH - Free Report) by 57.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,978 shares of the textile maker's stock after acquiring an additional 3,997 shares during the quarter. Truist Financial Corp's holdings in PVH were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock valued at $421,000 after purchasing an additional 149 shares during the period. Comerica Bank raised its position in PVH by 0.7% in the first quarter. Comerica Bank now owns 24,728 shares of the textile maker's stock valued at $1,598,000 after purchasing an additional 180 shares during the period. Smartleaf Asset Management LLC raised its position in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock valued at $52,000 after purchasing an additional 185 shares during the period. Central Pacific Bank Trust Division raised its position in PVH by 9.9% in the second quarter. Central Pacific Bank Trust Division now owns 2,110 shares of the textile maker's stock valued at $145,000 after purchasing an additional 190 shares during the period. Finally, First Hawaiian Bank raised its position in PVH by 4.0% in the first quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker's stock valued at $348,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Up 3.7%

NYSE:PVH opened at $83.08 on Wednesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.52 and a beta of 1.89. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The stock has a 50-day simple moving average of $81.84 and a 200 day simple moving average of $75.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.55. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, September 3rd. PVH's payout ratio is presently 1.68%.

Analyst Ratings Changes

PVH has been the topic of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of PVH in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on PVH from $76.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. TD Cowen reaffirmed a "hold" rating and set a $74.00 target price (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Barclays lifted their target price on PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, BTIG Research assumed coverage on PVH in a research report on Tuesday. They set a "buy" rating and a $100.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.56.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.

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