PVH Corp. $PVH Position Trimmed by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC decreased its stake in PVH Corp. by 39.3%, selling 222,498 shares during the first quarter, leaving them with a ownership of approximately 0.72% of the company.
• PVH's CEO, Stefan Larsson, acquired 15,645 shares at a cost of $63.92 per share, increasing his total holdings by 6.16%.
• Analysts have recently raised price targets for PVH, with Bank of America increasing its target from $76 to $88 and UBS Group raising it from $146 to $148, contributing to an average price target of $95.27.

AQR Capital Management LLC cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344,015 shares of the textile maker's stock after selling 222,498 shares during the period. AQR Capital Management LLC owned approximately 0.72% of PVH worth $21,890,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PVH. Pzena Investment Management LLC boosted its position in shares of PVH by 15.1% in the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock worth $398,284,000 after acquiring an additional 807,301 shares during the last quarter. American Century Companies Inc. boosted its position in shares of PVH by 76.6% in the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock worth $51,932,000 after acquiring an additional 348,592 shares during the last quarter. Bragg Financial Advisors Inc boosted its position in shares of PVH by 54.2% in the first quarter. Bragg Financial Advisors Inc now owns 382,616 shares of the textile maker's stock worth $24,732,000 after acquiring an additional 134,478 shares during the last quarter. LSV Asset Management raised its holdings in PVH by 10.7% in the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock valued at $85,829,000 after buying an additional 128,559 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in PVH in the first quarter valued at approximately $8,213,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Down 1.0%

Shares of PVH traded down $0.85 during mid-day trading on Friday, reaching $81.18. 976,703 shares of the stock traded hands, compared to its average volume of 1,287,591. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 2.58 and a beta of 1.84. The stock has a fifty day simple moving average of $77.30 and a 200 day simple moving average of $73.37. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.55. The company had revenue of $2.17 billion for 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%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm 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. Sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 3rd. PVH's payout ratio is 1.68%.

Wall Street Analyst Weigh In

Several research firms recently commented on PVH. Barclays raised their price target on shares of PVH from $83.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Bank of America raised their price target on shares of PVH from $76.00 to $88.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Wednesday, August 27th. The Goldman Sachs Group raised their price target on shares of PVH from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised their price target on shares of PVH from $80.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $95.27.

Insider Activity

In related news, CEO Stefan Larsson purchased 15,645 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

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.