Canada Pension Plan Investment Board Sells 6,600 Shares of PVH Corp. $PVH

Key Points

• The Canada Pension Plan Investment Board reduced its stake in PVH Corp. by 17.6% in the first quarter, owning approximately 0.06% of the company worth $1,991,000 after selling 6,600 shares.
• CEO Stefan Larsson increased his shareholding by acquiring 15,645 shares at an average price of $63.92, raising his total ownership to approximately $17.2 million.
• PVH Corp. reported a quarterly earnings per share of $2.52, exceeding expectations, with revenue climbing 4.5% year-over-year to $2.17 billion.

Canada Pension Plan Investment Board cut its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,800 shares of the textile maker's stock after selling 6,600 shares during the period. Canada Pension Plan Investment Board owned 0.06% of PVH worth $1,991,000 at the end of the most recent quarter.

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

Insider Buying and Selling at PVH

In related news, CEO Stefan Larsson acquired 15,645 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the acquisition, the chief executive officer owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

PVH Price Performance

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

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $1.97 by $0.55. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.01 EPS. 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 anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on PVH from $64.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Wednesday, August 27th. The Goldman Sachs Group upped their price target on shares of PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Cowen reiterated a "buy" rating on shares of PVH in a research report on Friday, June 6th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.27.

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.