Mirae Asset Global Investments Co. Ltd. Raises Holdings in PVH Corp. $PVH

Mirae Asset Global Investments Co. Ltd. increased its holdings in PVH Corp. (NYSE:PVH) by 45.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 907 shares of the textile maker’s stock after acquiring an additional 284 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PVH were worth $62,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PVH. Pzena Investment Management LLC lifted its stake in PVH by 15.1% during the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after purchasing an additional 807,301 shares in the last quarter. LSV Asset Management raised its holdings in shares of PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker’s stock valued at $85,829,000 after buying an additional 128,559 shares during the period. American Century Companies Inc. raised its holdings in shares of PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock valued at $51,932,000 after buying an additional 348,592 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $41,822,000 after buying an additional 19,340 shares during the period. Finally, Swedbank AB raised its holdings in shares of PVH by 33.6% in the 1st quarter. Swedbank AB now owns 588,586 shares of the textile maker’s stock valued at $38,046,000 after buying an additional 148,103 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 5.4%

PVH stock opened at $76.40 on Monday. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63. The stock has a market cap of $3.68 billion, a PE ratio of 8.57, a P/E/G ratio of 2.41 and a beta of 1.89. The stock’s fifty day moving average is $81.55 and its two-hundred day moving average is $75.67.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share 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 company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm earned $3.01 earnings per share. PVH’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. On average, sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.0375 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 1.68%.

Analysts Set New Price Targets

Several research firms recently issued reports on PVH. Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 price objective on shares of PVH in a report on Wednesday, August 27th. TD Cowen reiterated a “hold” rating and issued a $74.00 price objective (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. Bank of America boosted their price objective on PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a report on Sunday. Finally, JPMorgan Chase & Co. increased their price objective on PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.27.

PVH Profile

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.