ClearAlpha Technologies LP bought a new position in shares of PVH Corp. (NYSE:PVH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,534 shares of the textile maker’s stock, valued at approximately $773,000. PVH accounts for about 2.2% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 12th biggest position.
A number of other institutional investors also recently modified their holdings of PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PVH by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after purchasing an additional 5,240 shares during the period. Goldman Sachs Group Inc. raised its position 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 purchasing an additional 245,740 shares during the period. Caxton Associates LLP acquired a new position in shares of PVH during the first quarter worth approximately $226,000. United Services Automobile Association acquired a new position in shares of PVH during the first quarter worth approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PVH by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after purchasing an additional 30,077 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered 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. UBS Group lowered their target price on PVH from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Bank of America lowered their target price on PVH from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Citigroup reaffirmed a “buy” rating on shares of PVH in a research report on Friday, June 5th. Finally, 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 report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $86.14.
PVH Trading Down 6.3%
NYSE PVH opened at $76.52 on Thursday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 24.22, a PEG ratio of 1.09 and a beta of 1.71. The business has a fifty day simple moving average of $87.72 and a 200 day simple moving average of $75.24. PVH Corp. has a 12 month low of $59.60 and a 12 month high of $100.75. 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 (NYSE:PVH – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. PVH had a return on equity of 10.87% and a net margin of 1.76%.PVH’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior 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. On average, analysts predict that PVH Corp. will post 12.06 EPS for the current fiscal year.
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, June 3rd. PVH’s dividend payout ratio is 4.75%.
About PVH
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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