Allspring Global Investments Holdings LLC Has $147.26 Million Stock Position in PVH Corp. $PVH

Allspring Global Investments Holdings LLC grew its position in PVH Corp. (NYSE:PVH) by 170.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,057,013 shares of the textile maker’s stock after purchasing an additional 1,296,881 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PVH were worth $147,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PVH. GAMMA Investing LLC increased its stake in shares of PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker’s stock valued at $74,000 after buying an additional 661 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of PVH by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,590 shares of the textile maker’s stock valued at $878,000 after buying an additional 377 shares during the period. PKO Investment Management Joint Stock Co increased its stake in shares of PVH by 100.0% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 5,000 shares of the textile maker’s stock valued at $323,000 after buying an additional 2,500 shares during the period. State of Alaska Department of Revenue increased its stake in shares of PVH by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock valued at $421,000 after buying an additional 149 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of PVH during the first quarter worth $1,871,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PVH has been the subject of a number of analyst reports. Bank of America lifted their price objective on PVH from $76.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Barclays lifted their price objective on PVH from $83.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PVH in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on PVH from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Sunday. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.27.

PVH Stock Performance

PVH stock opened at $76.40 on Monday. The business’s 50-day moving average price is $81.55 and its two-hundred day moving average price is $75.67. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.68 billion, a PE ratio of 8.57, a P/E/G ratio of 2.41 and a beta of 1.89. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.55. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $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, research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

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

About PVH

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.