Kentucky Retirement Systems Purchases Shares of 6,735 PVH Corp. $PVH

Kentucky Retirement Systems bought a new position in PVH Corp. (NYSE:PVH) in the first quarter, Holdings Channel reports. The firm bought 6,735 shares of the textile maker’s stock, valued at approximately $470,000.

A number of other hedge funds have also bought and sold shares of PVH. Goldman Sachs Group Inc. lifted its stake in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of PVH by 87.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker’s stock valued at $27,246,000 after acquiring an additional 189,666 shares during the period. LSV Asset Management raised its stake in PVH by 8.4% in the 4th quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after acquiring an additional 164,343 shares during the last quarter. Invenomic Capital Management LP lifted its position in PVH by 32.3% during the 4th quarter. Invenomic Capital Management LP now owns 652,967 shares of the textile maker’s stock worth $43,762,000 after acquiring an additional 159,532 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in PVH during the 3rd quarter worth about $10,825,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 0.3%

Shares of PVH opened at $86.78 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. PVH Corp. has a 12 month low of $59.60 and a 12 month high of $100.75. The stock’s 50 day moving average is $81.16 and its two-hundred day moving average is $76.45. The firm has a market cap of $4.00 billion, a P/E ratio of 27.46, a PEG ratio of 1.28 and a beta of 1.75.

PVH (NYSE:PVH) last released its earnings results on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $2.30 earnings per share. The company’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. Analysts predict that PVH Corp. will post 12.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on PVH from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Bank of America reissued an “underperform” rating and set a $70.00 price target (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Needham & Company LLC dropped their price objective on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of PVH in a research note on Friday, June 5th. Finally, Wells Fargo & Company reduced their target price on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.54.

PVH 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.