KLP Kapitalforvaltning AS Acquires 400 Shares of PVH Corp. $PVH

KLP Kapitalforvaltning AS boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the textile maker’s stock after buying an additional 400 shares during the period. KLP Kapitalforvaltning AS’s holdings in PVH were worth $755,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew 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 worth $421,000 after buying an additional 149 shares during the last quarter. Comerica Bank grew its stake in shares of PVH by 0.7% in the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock worth $1,598,000 after buying an additional 180 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after buying an additional 185 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in PVH by 9.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 2,110 shares of the textile maker’s stock valued at $145,000 after acquiring an additional 190 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in PVH by 4.0% in the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays upped their price objective on PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price on PVH from $76.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PVH in a report on Wednesday, October 8th. Bank of America raised their price target on PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Finally, TD Cowen restated a “hold” rating and set a $74.00 price objective (down previously from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $95.56.

PVH Stock Down 1.7%

Shares of NYSE PVH opened at $81.70 on Friday. 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 has a market cap of $3.93 billion, a P/E ratio of 9.16, a PEG ratio of 2.61 and a beta of 1.89. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The firm has a 50-day simple moving average of $82.17 and a two-hundred day simple moving average of $76.00.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $3.01 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Research analysts anticipate 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 was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. PVH’s payout ratio is currently 1.68%.

PVH Company 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.