PVH Corp. $PVH Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System reduced its position in PVH Corp. (NYSE:PVH) by 13.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,500 shares of the textile maker’s stock after selling 1,800 shares during the period. State of Michigan Retirement System’s holdings in PVH were worth $789,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC increased its holdings in shares of PVH by 4.0% in the 2nd quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after acquiring an additional 246,070 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in PVH by 170.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker’s stock valued at $147,262,000 after purchasing an additional 1,296,881 shares during the last quarter. LSV Asset Management raised its holdings in shares of PVH by 10.7% during the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker’s stock worth $85,829,000 after purchasing an additional 128,559 shares during the period. American Century Companies Inc. raised its holdings in shares of PVH by 76.6% during the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock worth $51,932,000 after purchasing an additional 348,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PVH by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker’s stock worth $41,822,000 after buying an additional 19,340 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $76.76 on Friday. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.54 and a beta of 1.89. The stock’s 50 day moving average price is $83.11 and its 200 day moving average price is $77.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63.

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

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th. PVH’s payout ratio is presently 1.68%.

Wall Street Analysts Forecast Growth

PVH has been the topic of several research reports. Morgan Stanley increased their price objective on shares of PVH from $64.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. BTIG Research initiated coverage on PVH in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price for the company. Jefferies Financial Group reissued a “buy” rating on shares of PVH in a report on Thursday, October 23rd. The Goldman Sachs Group boosted their price objective on PVH from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $90.00 price objective on shares of PVH in a research note on Wednesday, August 27th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.13.

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.