PVH (NYSE:PVH) Shares Gap Down – Here’s Why

PVH Corp. (NYSE:PVH)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $72.71, but opened at $70.17. PVH shares last traded at $70.4260, with a volume of 196,355 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research cut shares of PVH from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Wells Fargo & Company lowered their price objective on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Bank of America reissued an “underperform” rating and issued a $70.00 price objective (down from $90.00) on shares of PVH in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of PVH from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.71.

PVH Price Performance

The business’s 50 day moving average is $86.48 and its two-hundred day moving average is $74.95. The firm has a market cap of $3.30 billion, a P/E ratio of 22.68, a P/E/G ratio of 0.98 and a beta of 1.71. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH) last released its earnings results on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. PVH’s revenue for the quarter was up 2.1% on a year-over-year basis. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. As a group, analysts anticipate that PVH Corp. will post 12.06 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio is presently 4.75%.

Institutional Investors Weigh In On PVH

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PVH by 26.6% during 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 buying an additional 5,240 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of PVH by 79.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after acquiring an additional 245,740 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of PVH in the 1st quarter valued at $226,000. United Services Automobile Association acquired a new position in shares of PVH during the 1st quarter valued at $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in PVH by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock worth $22,873,000 after acquiring an additional 30,077 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

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.