Legal & General Group Plc purchased a new stake in PVH Corp. (NYSE:PVH – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,331 shares of the textile maker’s stock, valued at approximately $6,262,000.
A number of other hedge funds have also modified their holdings of the company. Danske Bank A S bought a new position in PVH during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC bought a new stake in PVH in the second quarter valued at approximately $26,000. Eurizon Capital SGR S.p.A. bought a new stake in PVH in the fourth quarter valued at approximately $36,000. Allworth Financial LP acquired a new stake in PVH in the second quarter worth $41,000. Finally, Quarry LP acquired a new stake in PVH in the third quarter worth $58,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.
PVH News Summary
Here are the key news stories impacting PVH this week:
- Positive Sentiment: PVH reported second-quarter adjusted EPS of $3.70, well above the $3.08 consensus estimate and up from $2.52 a year earlier. Revenue of $2.097 billion was approximately in line with expectations. PVH Beats Q2 Earnings Estimates
- Positive Sentiment: Management reaffirmed its full-year 2026 non-GAAP outlook and expects to repurchase at least $300 million of stock during the year, potentially supporting shareholder returns. Digital commerce revenue increased 4%, while direct-to-consumer trends improved in the Americas and Asia-Pacific. PVH Reports 2026 Second Quarter Results
- Neutral Sentiment: Full-year EPS guidance remains $11.80–$12.10, broadly consistent with the $11.92 analyst consensus. Gross margin improved to 63.0%, helped substantially by tariff refunds, making the sustainability of the improvement an important investor focus. PVH Reports Second-Quarter Revenue and GAAP Loss
- Negative Sentiment: Third-quarter EPS guidance of $2.50–$2.65 is materially below the $3.17 consensus estimate, raising concerns about near-term earnings momentum.
- Negative Sentiment: Reported revenue declined 3.2% year over year, while PVH posted a $102.9 million GAAP net loss versus a $224.2 million profit a year earlier. Results included a $439 million noncash goodwill impairment charge, and the prior-period comparison benefited from $107 million in tariff refunds. PVH Second-Quarter Revenue Falls
PVH Price Performance
PVH (NYSE:PVH – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.62. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. PVH had a return on equity of 10.87% and a net margin of 1.76%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.52 earnings per share. PVH has set its Q3 2026 guidance at 2.500-2.650 EPS and its FY 2026 guidance at 11.800-12.100 EPS. Equities analysts forecast that PVH Corp. will post 12.01 EPS for the current fiscal year.
PVH Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on PVH. The Goldman Sachs Group lowered their price objective on shares of PVH from $93.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Bank of America reiterated an “underperform” rating and set a $70.00 target price (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Evercore set a $79.00 target price on PVH and gave the company an “in-line” rating in a research note on Thursday, June 4th. BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of PVH in a research report on Friday, June 5th. Finally, Wells Fargo & Company cut their price objective on PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.82.
Check Out Our Latest Analysis on PVH
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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