PVH (NYSE:PVH) Trading Down 5.7% – Here’s What Happened

by · The Cerbat Gem

Shares of PVH Corp. (NYSE:PVHGet Free Report) dropped 5.7% during mid-day trading on Wednesday . The company traded as low as $65.80 and last traded at $66.0070. Approximately 287,171 shares were traded during trading, a decline of 59% from the average daily volume of 701,015 shares. The stock had previously closed at $70.01.

Analysts Set New Price Targets

A number of brokerages recently commented on PVH. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of PVH in a report on Friday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $95.00 price objective on shares of PVH in a research report on Thursday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of PVH in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of PVH in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of PVH from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.80.

View Our Latest Stock Analysis on PVH

PVH Stock Down 5.9%

The company has a market capitalization of $3.02 billion, a PE ratio of 9.87, a P/E/G ratio of 2.43 and a beta of 1.73. The business has a 50-day moving average of $75.30 and a 200 day moving average of $77.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72.

PVH (NYSE:PVHGet Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.27. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. PVH had a return on equity of 11.44% and a net margin of 3.87%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. PVH has set its Q4 2025 guidance at 3.200-3.350 EPS and its FY 2025 guidance at 10.850-11.000 EPS. Equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th were given 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, November 26th. PVH’s dividend payout ratio is 2.25%.

Institutional Investors Weigh In On PVH

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in PVH by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after purchasing an additional 5,240 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of PVH by 79.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares during the period. Caxton Associates LLP bought a new position in shares of PVH during the 1st quarter worth $226,000. United Services Automobile Association purchased a new position in shares of PVH during the first quarter valued at $240,000. Finally, Optimize Financial Inc increased its stake in shares of PVH by 82.9% during the first quarter. Optimize Financial Inc now owns 10,099 shares of the textile maker’s stock valued at $653,000 after buying an additional 4,576 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Company Profile

(Get Free Report)

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.

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