State of New Jersey Common Pension Fund D Sells 2,026 Shares of PVH Corp. $PVH

State of New Jersey Common Pension Fund D decreased its position in shares of PVH Corp. (NYSE:PVH) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,605 shares of the textile maker’s stock after selling 2,026 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PVH were worth $1,551,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position in PVH by 63.3% during the second quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after acquiring an additional 240 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of PVH by 30.0% during 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 period. Allworth Financial LP increased its holdings in shares of PVH by 78.2% during 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 period. Mirae Asset Global Investments Co. Ltd. increased its stake in PVH by 45.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after acquiring an additional 284 shares during the period. Finally, Blue Trust Inc. increased its stake in PVH by 41.2% during the 2nd quarter. Blue Trust Inc. now owns 952 shares of the textile maker’s stock worth $65,000 after acquiring an additional 278 shares during the period. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PVH. Jefferies Financial Group restated a “buy” rating on shares of PVH in a research note on Thursday, October 23rd. Morgan Stanley raised their price target on PVH from $64.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of PVH from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, TD Cowen reissued a “hold” rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a report on Wednesday, July 9th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, PVH has an average rating of “Moderate Buy” and an average target price of $95.13.

PVH Trading Down 0.1%

Shares of PVH stock opened at $78.30 on Monday. The firm has a market capitalization of $3.77 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.89. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $83.73 and its 200 day moving average is $77.27. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47.

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

PVH Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is currently 1.68%.

About PVH

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.