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

PVH Corp. (NYSE:PVH) gapped down before the market opened 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on PVH. Wall Street Zen lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. UBS Group dropped their target price on shares of PVH from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Bank of America reaffirmed an “underperform” rating and issued a $70.00 target price (down from $90.00) on shares of PVH in a research report on Thursday. Needham & Company LLC decreased their target price on shares of PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, The Goldman Sachs Group lowered their price target on PVH from $93.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PVH presently has a consensus rating of “Hold” and an average target price of $84.71.

PVH Stock Up 3.4%

The company’s 50-day moving average price is $85.91 and its 200 day moving average price is $74.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.68. The stock has a market cap of $3.43 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.71.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. 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 forecast that PVH Corp. will post 12.06 EPS for the current fiscal year.

PVH Dividend Announcement

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

Hedge Funds Weigh In On PVH

Institutional investors have recently bought and sold shares of the stock. Danske Bank A S bought a new stake in PVH during the third quarter valued at about $25,000. Saranac Partners Ltd bought a new position in shares of PVH in the third quarter worth about $30,000. Global Retirement Partners LLC lifted its position in shares of PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after buying an additional 370 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of PVH during the 4th quarter valued at about $36,000. Finally, Meeder Asset Management Inc. bought a new position in shares of PVH during the 4th quarter valued at approximately $48,000. 97.25% of the stock is 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.