Allspring Global Investments Holdings LLC Boosts Stock Holdings in PVH Corp. $PVH

Allspring Global Investments Holdings LLC raised its stake in PVH Corp. (NYSE:PVH) by 2.0% during the first quarter, HoldingsChannel.com reports. The fund owned 2,262,489 shares of the textile maker’s stock after purchasing an additional 44,346 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PVH were worth $173,216,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of PVH by 79.8% in 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 last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of PVH by 87.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker’s stock valued at $27,246,000 after purchasing an additional 189,666 shares in the last quarter. LSV Asset Management increased its position in PVH by 8.4% in the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock worth $142,595,000 after purchasing an additional 164,343 shares during the last quarter. Invenomic Capital Management LP increased its position in PVH by 32.3% in the fourth quarter. Invenomic Capital Management LP now owns 652,967 shares of the textile maker’s stock worth $43,762,000 after purchasing an additional 159,532 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in PVH during the third quarter valued at $10,825,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PVH. JPMorgan Chase & Co. dropped their price objective on shares of PVH from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Needham & Company LLC decreased their target price on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Bank of America reaffirmed an “underperform” rating and issued a $70.00 price target (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Weiss Ratings lowered PVH from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen cut PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PVH has a consensus rating of “Hold” and a consensus price target of $85.54.

PVH Price Performance

PVH stock opened at $79.80 on Friday. The firm has a 50-day moving average price of $81.37 and a 200-day moving average price of $75.38. The firm has a market capitalization of $3.68 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.16 and a beta of 1.75. 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 Corp. has a 12-month low of $59.60 and a 12-month high of $100.75.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.21. PVH had a return on equity of 10.87% and a net margin of 1.76%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. 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, equities research analysts forecast that PVH Corp. will post 12.03 EPS for the current year.

PVH Announces Dividend

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