Principal Financial Group Inc. Trims Stake in PVH Corp. $PVH

Principal Financial Group Inc. lessened its position in PVH Corp. (NYSE:PVH) by 10.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 551,350 shares of the textile maker’s stock after selling 65,114 shares during the quarter. Principal Financial Group Inc. owned approximately 1.15% of PVH worth $46,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PVH. Lingohr Asset Management GmbH bought a new position in shares of PVH during the third quarter valued at approximately $4,311,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of PVH in the 3rd quarter worth approximately $74,338,000. Federated Hermes Inc. grew its stake in shares of PVH by 9.0% in the 2nd quarter. Federated Hermes Inc. now owns 281,149 shares of the textile maker’s stock worth $19,287,000 after buying an additional 23,203 shares during the last quarter. Truist Financial Corp increased its position in PVH by 57.3% during the 2nd quarter. Truist Financial Corp now owns 10,978 shares of the textile maker’s stock valued at $753,000 after buying an additional 3,997 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after buying an additional 246,070 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Guggenheim initiated coverage on PVH in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. UBS Group reissued a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Tuesday, November 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 target price on shares of PVH in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.60.

PVH Stock Up 5.4%

PVH opened at $65.61 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.07 and a beta of 1.72. The firm has a 50 day moving average price of $69.62 and a 200-day moving average price of $76.49. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $89.79. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last issued its earnings results 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 company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. PVH had a net margin of 3.87% and a return on equity of 11.44%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $3.03 earnings per share. 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 forecast that PVH Corp. will post 11.67 earnings per share for the current year.

About PVH

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.