Vaughan Nelson Investment Management L.P. Acquires New Shares in PVH Corp. $PVH

Vaughan Nelson Investment Management L.P. purchased a new position in PVH Corp. (NYSE:PVH) in the third quarter, Holdings Channel.com reports. The firm purchased 887,405 shares of the textile maker’s stock, valued at approximately $74,338,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in shares of PVH by 4.0% during the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,072,713 shares of the textile maker’s stock valued at $176,471,000 after acquiring an additional 15,700 shares in the last quarter. American Century Companies Inc. lifted its position in shares of PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after acquiring an additional 255,755 shares in the last quarter. Swedbank AB boosted its stake in shares of PVH by 33.6% in the first quarter. Swedbank AB now owns 588,586 shares of the textile maker’s stock worth $38,046,000 after acquiring an additional 148,103 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after purchasing an additional 245,740 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PVH. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of PVH in a report on Friday, December 5th. Guggenheim began coverage on shares of PVH in a report on Tuesday, December 9th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted 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. UBS Group restated a “buy” rating and set a $148.00 target price on shares of PVH in a research report on Tuesday, November 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of PVH in a research note on Thursday, December 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.80.

PVH Stock Up 2.3%

Shares of PVH opened at $69.99 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.73. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $109.31. The business’s 50 day simple moving average is $75.30 and its 200-day simple moving average is $77.48.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.27. PVH had a net margin of 3.87% and a return on equity of 11.44%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $3.03 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. PVH has set its Q4 2025 guidance at 3.200-3.350 EPS and its FY 2025 guidance at 10.850-11.000 EPS. As a group, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is presently 2.25%.

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.