AQR Capital Management LLC Sells 222,498 Shares of PVH Corp. $PVH

AQR Capital Management LLC lessened its holdings in PVH Corp. (NYSE:PVH - Free Report) by 39.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.72% of PVH worth $21,890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vident Advisory LLC grew its position in PVH by 12.4% in the first quarter. Vident Advisory LLC now owns 11,310 shares of the textile maker's stock valued at $731,000 after acquiring an additional 1,244 shares during the last quarter. Magnetar Financial LLC raised its position in shares of PVH by 100.5% during the first quarter. Magnetar Financial LLC now owns 18,500 shares of the textile maker's stock worth $1,196,000 after purchasing an additional 9,274 shares during the period. Eisler Capital Management Ltd. bought a new stake in PVH during the first quarter worth $570,000. Caisse DE Depot ET Placement DU Quebec bought a new position in PVH in the 1st quarter valued at $8,213,000. Finally, Comerica Bank grew its stake in PVH by 0.7% in the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker's stock valued at $1,598,000 after purchasing an additional 180 shares during the period. Institutional investors own 97.25% of the company's stock.

Insider Transactions at PVH

In other news, CEO Stefan Larsson acquired 15,645 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the chief executive officer directly owned 269,438 shares in the company, valued at $17,222,476.96. This trade 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 is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PVH shares. Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. JPMorgan Chase & Co. lifted their target price on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. UBS Group lifted their target price on PVH from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. BMO Capital Markets reduced their target price on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Finally, Wells Fargo & Company lifted their price objective on PVH from $80.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.27.

PVH Trading Down 0.9%

PVH stock traded down $0.74 during midday trading on Wednesday, reaching $81.60. 963,872 shares of the company traded hands, compared to its average volume of 1,280,243. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The business has a 50 day moving average of $76.96 and a 200-day moving average of $73.35. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 2.59 and a beta of 1.84.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.55. PVH had a return on equity of 11.90% and a net margin of 5.34%.The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business posted $3.01 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, sell-side analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

PVH 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.