Fifth Third Bancorp Increases Stock Holdings in PVH Corp. $PVH

Fifth Third Bancorp grew its position in PVH Corp. (NYSE:PVH) by 28.9% during the 2nd quarter, Holdings Channel reports. The fund owned 1,061 shares of the textile maker’s stock after buying an additional 238 shares during the quarter. Fifth Third Bancorp’s holdings in PVH were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in shares of PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock valued at $421,000 after buying an additional 149 shares in the last quarter. Parallel Advisors LLC grew its stake in PVH by 8.9% in the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 162 shares during the last quarter. Comerica Bank grew its stake in PVH by 0.7% in the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock valued at $1,598,000 after acquiring an additional 180 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in PVH by 30.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 185 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in PVH by 9.9% during the second quarter. Central Pacific Bank Trust Division now owns 2,110 shares of the textile maker’s stock worth $145,000 after acquiring an additional 190 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Trading Down 3.0%

Shares of PVH stock opened at $82.56 on Friday. The firm’s 50-day simple moving average is $80.65 and its 200-day simple moving average is $74.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The firm has a market cap of $3.97 billion, a P/E ratio of 9.26, a PEG ratio of 2.68 and a beta of 1.89.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $1.97 by $0.55. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. PVH’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.0375 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 1.68%.

Analyst Ratings Changes

Several analysts have recently commented on PVH shares. JPMorgan Chase & Co. increased their price target on shares of PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. UBS Group increased their target price on PVH from $146.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 28th. TD Cowen reissued a “hold” rating and issued a $74.00 price target (down from $98.00) on shares of PVH in a report on Wednesday, July 9th. Barclays increased their price objective on PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Bank of America lifted their price objective on PVH from $76.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.27.

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.