Allianz Asset Management GmbH Acquires 106,262 Shares of PVH Corp. $PVH

Allianz Asset Management GmbH raised its holdings in shares of PVH Corp. (NYSE:PVH) by 51.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 311,555 shares of the textile maker’s stock after buying an additional 106,262 shares during the period. Allianz Asset Management GmbH owned about 0.65% of PVH worth $26,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PVH by 26.6% in the 1st 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. grew its holdings in PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after purchasing an additional 245,740 shares during the period. Caxton Associates LLP purchased a new stake in PVH in the first quarter worth about $226,000. United Services Automobile Association bought a new position in shares of PVH in the first quarter worth about $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of PVH by 9.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock valued at $22,873,000 after buying an additional 30,077 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

NYSE:PVH opened at $66.22 on Friday. The business’s 50-day moving average is $68.86 and its 200 day moving average is $76.36. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $89.79. The company has a market capitalization of $3.03 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.15 and a beta of 1.72. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.27. The business had revenue of $2.29 billion during 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 firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is 2.25%.

Wall Street Analysts Forecast Growth

PVH has been the subject of several analyst reports. UBS Group reissued a “buy” rating and issued a $148.00 target price on shares of PVH in a report on Tuesday, November 25th. Wall Street Zen cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Friday, December 5th. JPMorgan Chase & Co. upped their target price on shares of PVH from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price target on shares of PVH in a report on Thursday, December 4th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.60.

PVH Company Profile

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.