PVH Corp. $PVH Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its PVH stake by 17% in the third quarter, selling 347,799 shares; it retained 1.70 million shares valued at about $129.2 million.
• Analysts’ consensus rating was Hold, with an average price target of $87.91; six rated the stock Buy, five Hold, and three Sell.
• PVH reported quarterly EPS of $3.70, beating the $3.08 consensus, while revenue of $2.10 billion was down 3.2% year over year.

Allspring Global Investments Holdings LLC cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,702,762 shares of the textile maker's stock after selling 347,799 shares during the period. Allspring Global Investments Holdings LLC owned about 3.69% of PVH worth $129,154,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PVH. Pzena Investment Management LLC bought a new stake in shares of PVH during the second quarter valued at approximately $444,571,000. BlackRock Inc. purchased a new position in PVH during the 2nd quarter worth $332,758,000. Bank of New York Mellon Corp bought a new stake in PVH during the 2nd quarter valued at $25,665,000. Sei Investments Co. raised its position in PVH by 6.7% during the 1st quarter. Sei Investments Co. now owns 322,712 shares of the textile maker's stock valued at $22,515,000 after purchasing an additional 20,328 shares in the last quarter. Finally, South Dakota Investment Council lifted its holdings in shares of PVH by 18.1% in the 1st quarter. South Dakota Investment Council now owns 258,558 shares of the textile maker's stock worth $18,037,000 after buying an additional 39,606 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PVH. Weiss Ratings raised PVH from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, October 26th. UBS Group restated a "buy" rating on shares of PVH in a report on Friday, September 4th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $79.00 price objective on shares of PVH in a research note on Friday, September 4th. JPMorgan Chase & Co. dropped their target price on shares of PVH from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of PVH from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 2nd. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PVH currently has an average rating of "Hold" and an average target price of $87.91.

PVH Stock Down 0.3%

NYSE:PVH opened at $89.65 on Monday. PVH Corp. has a fifty-two week low of $59.60 and a fifty-two week high of $100.75. The stock has a market capitalization of $4.14 billion, a P/E ratio of -24.23, a P/E/G ratio of 1.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 1.65. The company's 50-day simple moving average is $79.43 and its 200-day simple moving average is $78.08.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $3.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.62. PVH had a negative net margin of 1.89% and a positive return on equity of 11.94%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm earned $2.52 EPS. The company's quarterly 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, equities analysts anticipate that PVH Corp. will post 12.06 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 25th. PVH's dividend payout ratio (DPR) is -4.05%.

Insider Activity

In other PVH news, CEO Stefan Larsson bought 14,179 shares of PVH stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $70.53 per share, with a total value of $1,000,044.87. Following the completion of the acquisition, the chief executive officer directly owned 349,889 shares in the company, valued at approximately $24,677,671.17. This trade represents a 4.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.

PVH Profile

PVH Corp. is a global apparel company whose principal brands are Calvin Klein and Tommy Hilfiger. It designs, markets and sells clothing, footwear, accessories and related products, including underwear and fragrance offered through licensing arrangements.

The company serves customers in North America, Europe and Asia-Pacific through wholesale partners and direct-to-consumer channels, including retail stores and e-commerce. Its products are sold under its flagship brands and through licensed product categories.

PVH traces its roots to shirtmaking businesses established in 1881.

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