Royal Bank of Canada Sells 17,096 Shares of PVH Corp. $PVH

Royal Bank of Canada decreased its stake in PVH Corp. (NYSE:PVH) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,506 shares of the textile maker’s stock after selling 17,096 shares during the period. Royal Bank of Canada’s holdings in PVH were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in shares of PVH during the third quarter worth $25,000. Global Retirement Partners LLC boosted its holdings in shares of PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 370 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of PVH during the 4th quarter valued at $36,000. Quarry LP bought a new stake in PVH during the 3rd quarter worth $58,000. Finally, Larson Financial Group LLC grew its position in PVH by 70,300.0% during the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Needham & Company LLC dropped their target price on PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Zacks Research cut PVH from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. 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. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of PVH in a report on Friday, June 5th. Finally, Wall Street Zen downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.62.

PVH Stock Up 3.2%

Shares of NYSE:PVH opened at $78.56 on Friday. The firm has a market cap of $3.62 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.12 and a beta of 1.74. The company has a quick ratio of 0.93, a current ratio of 1.68 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. The business has a fifty day simple moving average of $79.83 and a 200 day simple moving average of $78.52.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’s revenue 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. Analysts predict that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. PVH’s dividend payout ratio is currently 4.75%.

PVH Profile

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.