PVH (NYSE:PVH) Shares Down 6.1% - Here's What Happened

Key Points

• PVH shares fell 6.1% to about $77.42 in midday trading, with volume roughly 80% below the average session level.
• Analyst sentiment is mixed: the consensus rating is “Hold” with an average price target of $86.62, while recent targets ranged from $70 to $100.
• PVH exceeded quarterly earnings expectations, reporting $2.01 EPS versus $1.80 expected and $2.03 billion in revenue, up 2.1% year over year; it also declared a quarterly dividend of $0.0375 per share.

PVH Corp. (NYSE:PVH - Get Free Report) was down 6.1% during mid-day trading on Monday . The company traded as low as $77.58 and last traded at $77.4240. Approximately 219,205 shares changed hands during trading, a decline of 80% from the average session volume of 1,074,421 shares. The stock had previously closed at $82.47.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of PVH from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. BTIG Research reiterated a "buy" rating and issued a $100.00 price target on shares of PVH in a report on Friday, June 5th. Wells Fargo & Company reduced their price target on PVH from $85.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, June 5th. Bank of America restated an "underperform" rating and set a $70.00 price objective (down from $90.00) on shares of PVH in a research note on Thursday, June 25th. Finally, Evercore set a $79.00 target price on shares of PVH and gave the stock an "in-line" rating in a report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $86.62.

PVH Stock Performance

The business has a 50-day moving average price of $80.00 and a 200-day moving average price of $78.07. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.22 and a beta of 1.74.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.21. PVH had a return on equity of 10.87% and a net margin of 1.76%.The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the firm earned $2.30 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. As a group, sell-side analysts forecast that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Announces Dividend

The firm 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 dividend of $0.0375 per share. 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 payout ratio is presently 4.75%.

Hedge Funds Weigh In On PVH

Several hedge funds and other institutional investors have recently modified their holdings of PVH. Danske Bank A S acquired a new position in PVH during the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of PVH during the second quarter worth $26,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of PVH during the fourth quarter valued at $36,000. Allworth Financial LP purchased a new stake in shares of PVH during the second quarter valued at $41,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of PVH in the 4th quarter valued at $48,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

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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