Wealthfront Advisers LLC Acquires New Shares in PVH Corp. $PVH

Wealthfront Advisers LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,534 shares of the textile maker’s stock, valued at approximately $708,000.

A number of other hedge funds have also bought and sold shares of the business. Pzena Investment Management LLC bought a new position in PVH during the 2nd quarter valued at about $444,571,000. BlackRock Inc. bought a new stake in shares of PVH in the second quarter worth approximately $332,758,000. Bank of New York Mellon Corp bought a new stake in shares of PVH in the second quarter worth approximately $25,665,000. Goldman Sachs Group Inc. raised its holdings in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after purchasing an additional 245,740 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of PVH by 87.5% during 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 during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of PVH from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Evercore set a $79.00 target price on shares of PVH and gave the company an “in-line” rating in a research note on Thursday, June 4th. UBS Group lowered their price target on PVH from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, June 5th. 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. Finally, The Goldman Sachs Group cut their price objective on PVH from $93.00 to $87.00 and set a “buy” rating for the company in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.62.

PVH Stock Performance

PVH opened at $78.56 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.12 and a beta of 1.74. The company’s 50 day moving average is $79.83 and its 200 day moving average is $78.52. PVH Corp. has a 12-month low of $59.60 and a 12-month high of $100.75.

PVH (NYSE:PVH) last announced its 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 net margin of 1.76% and a return on equity of 10.87%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The firm’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. On average, equities research analysts predict that PVH Corp. will post 12.01 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 2nd. PVH’s dividend payout ratio is 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.