Wed Sep 25 09:59:33 UTC 2024: ## Vanguard Boosts Stake in PVH Corp. as Institutional Investors Show Strong Interest

**New York, NY (MarketBeat News) -** Vanguard Personalized Indexing Management LLC increased its holdings in PVH Corp. (NYSE:PVH) by 4.2% during the second quarter, according to a recent SEC filing. The investment firm now owns 8,121 shares of the textile maker, valued at $860,000.

This move comes amidst a flurry of activity by other hedge funds, highlighting strong institutional interest in the company. Mercer Global Advisors Inc. ADV boosted its stake by 24.4%, while Virtu Financial LLC and Renaissance Technologies LLC acquired new positions in PVH during the second quarter. Dimensional Fund Advisors LP and Massachusetts Financial Services Co. MA also increased their holdings significantly.

Overall, hedge funds and other institutional investors own 97.25% of PVH shares, indicating strong confidence in the company’s future.

PVH Corp. shares opened at $96.05 on Wednesday, with a market cap of $5.37 billion. The company recently announced a quarterly dividend of $0.0375 per share, payable on September 25th.

Analysts remain optimistic about PVH’s prospects. While Goldman Sachs Group lowered its price target, several other firms, including Bank of America and Evercore ISI, maintained “buy” ratings. The stock currently boasts a “Moderate Buy” consensus rating with an average target price of $130.40.

PVH Corp., known for brands like Tommy Hilfiger and Calvin Klein, operates across a range of apparel categories, including men’s, women’s, and children’s clothing, footwear, accessories, and home furnishings. The company distributes its products globally through its own retail stores, online channels, and wholesale partners.

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