Amalgamated Bank Sells 3,661 Shares of PVH Corp. $PVH

Amalgamated Bank cut its holdings in PVH Corp. (NYSE:PVH) by 14.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,255 shares of the textile maker’s stock after selling 3,661 shares during the period. Amalgamated Bank’s holdings in PVH were worth $1,527,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PVH. UMB Bank n.a. lifted its stake in PVH by 63.3% in the second quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after purchasing an additional 240 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in PVH by 1,284.4% in the second quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock worth $43,000 after purchasing an additional 578 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after purchasing an additional 185 shares during the last quarter. Allworth Financial LP lifted its stake in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker’s stock worth $60,000 after purchasing an additional 408 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in PVH by 45.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after purchasing an additional 284 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

Shares of NYSE PVH opened at $77.91 on Thursday. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63. The company’s 50-day moving average is $83.41 and its 200 day moving average is $77.37. The stock has a market capitalization of $3.75 billion, a P/E ratio of 8.73, a P/E/G ratio of 2.54 and a beta of 1.89.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.55. PVH had a net margin of 5.34% and a return on equity of 11.90%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $3.01 earnings per share. PVH’s quarterly revenue was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. On average, sell-side analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s payout ratio is currently 1.68%.

Wall Street Analysts Forecast Growth

PVH has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of PVH in a research note on Thursday, October 23rd. BTIG Research initiated coverage on shares of PVH in a research note on Tuesday, October 14th. They set a “buy” rating and a $100.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of PVH from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, TD Cowen reaffirmed a “hold” rating and set a $74.00 price objective (down from $98.00) on shares of PVH in a research note on Wednesday, July 9th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average price target of $95.13.

PVH Profile

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.