Wealthfront Advisers LLC Takes $708,000 Position in PVH Corp. $PVH

Wealthfront Advisers LLC bought a new position in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to its most recent filing with the SEC. The fund bought 9,534 shares of the textile maker’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pzena Investment Management LLC purchased a new stake in PVH during the second quarter worth about $444,571,000. BlackRock Inc. purchased a new position in PVH in the second quarter valued at about $332,758,000. Bank of New York Mellon Corp bought a new position in shares of PVH during the 2nd quarter valued at approximately $25,665,000. Goldman Sachs Group Inc. grew its position in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after acquiring an additional 245,740 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in shares of PVH by 87.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker’s stock worth $27,246,000 after purchasing an additional 189,666 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PVH. Wells Fargo & Company lowered their price target on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Wall Street Zen downgraded PVH from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Needham & Company LLC lowered their target price on PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. UBS Group dropped their price target on PVH from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, The Goldman Sachs Group cut their price target on PVH from $93.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, PVH has a consensus rating of “Hold” and an average target price of $86.62.

PVH Stock Performance

NYSE:PVH opened at $78.56 on Friday. The business’s 50-day moving average price is $79.83 and its two-hundred day moving average price is $78.52. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The stock has a market cap of $3.62 billion, a P/E ratio of 24.86, a PEG ratio of 1.12 and a beta of 1.74. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. PVH had a net margin of 1.76% and a return on equity of 10.87%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. 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, equities analysts predict that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 4.75%.

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.