PVH (NYSE:PVH) Shares Gap Down – Here’s What Happened

PVH Corp. (NYSE:PVH)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $72.71, but opened at $70.17. PVH shares last traded at $70.4260, with a volume of 196,355 shares.

Analyst Ratings Changes

PVH has been the topic of several research reports. Needham & Company LLC dropped their price objective on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Zacks Research lowered PVH from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company dropped their price target on PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Evercore set a $79.00 price objective on PVH and gave the company an “in-line” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings upgraded PVH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PVH presently has a consensus rating of “Hold” and a consensus target price of $84.71.

PVH Stock Performance

The company’s 50-day simple moving average is $86.48 and its 200 day simple moving average is $74.95. The stock has a market cap of $3.30 billion, a P/E ratio of 22.68, a PEG ratio of 0.98 and a beta of 1.71. 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) last released its earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. The company 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. 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, sell-side analysts expect 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 was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were 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 was Wednesday, June 3rd. PVH’s dividend payout ratio is 4.75%.

Institutional Investors Weigh In On PVH

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of PVH by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 16,212 shares of the textile maker’s stock worth $1,131,000 after buying an additional 171 shares during the last quarter. Financial Solutions Advisory Group Inc. bought a new stake in PVH in the first quarter worth about $385,000. Glenmede Trust Co. NA bought a new stake in PVH in the first quarter worth about $202,000. Access Investment Management LLC purchased a new position in PVH in the first quarter valued at about $7,531,000. Finally, Bank of America Corp DE boosted its stake in PVH by 8.5% in the first quarter. Bank of America Corp DE now owns 175,813 shares of the textile maker’s stock valued at $12,265,000 after acquiring an additional 13,834 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.