QRG Capital Management Inc. Acquires 706 Shares of PVH Corp. $PVH

QRG Capital Management Inc. boosted its position in PVH Corp. (NYSE:PVH) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,750 shares of the textile maker’s stock after acquiring an additional 706 shares during the period. QRG Capital Management Inc.’s holdings in PVH were worth $463,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PVH. UMB Bank n.a. grew its holdings in PVH by 63.3% in the 2nd quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after acquiring an additional 240 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after acquiring an additional 185 shares during the last quarter. Allworth Financial LP grew its holdings in PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker’s stock worth $60,000 after acquiring an additional 408 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in PVH by 45.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after acquiring an additional 284 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in PVH by 28.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,061 shares of the textile maker’s stock worth $73,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 5.4%

Shares of NYSE PVH opened at $76.40 on Friday. 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 P/E ratio of 8.57, a price-to-earnings-growth ratio of 2.54 and a beta of 1.89. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The firm has a 50-day moving average of $81.55 and a 200 day moving average of $75.55.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.55. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s payout ratio is 1.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PVH shares. Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a report on Wednesday. UBS Group lifted their target price on shares of PVH from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Bank of America lifted their target price on shares of PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Barclays lifted their target price on shares of PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley lifted their target price on shares of PVH from $64.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.