Clear Harbor Asset Management LLC Acquires New Holdings in PVH Corp. $PVH

Key Points

• Clear Harbor Asset Management LLC acquired a new stake in PVH Corp. during Q2, purchasing 7,618 shares valued at approximately $523,000.
• PVH reported earnings of $2.52 per share, exceeding analyst expectations, with a revenue of $2.17 billion for the quarter.
• The company announced a quarterly dividend of $0.0375 per share, representing a 0.2% yield, with the payment scheduled for September 24th.

Clear Harbor Asset Management LLC acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,618 shares of the textile maker's stock, valued at approximately $523,000.

Other hedge funds have also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH lifted its position in PVH by 9.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock valued at $13,539,000 after purchasing an additional 18,370 shares during the last quarter. Cetera Investment Advisers increased its stake in PVH by 63.5% during the 1st quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker's stock valued at $418,000 after buying an additional 2,511 shares during the period. Visionary Horizons LLC acquired a new position in PVH during the 1st quarter valued at about $513,000. Wedge Capital Management L L P NC increased its stake in PVH by 60.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker's stock valued at $2,465,000 after buying an additional 14,331 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in PVH by 106.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock valued at $963,000 after buying an additional 4,706 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Price Performance

NYSE PVH opened at $85.07 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.09 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.84. The company has a 50 day moving average price of $78.70 and a two-hundred day moving average price of $73.90. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results 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 firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, equities analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

Insider Transactions at PVH

In other PVH news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

PVH has been the topic of several research analyst reports. TD Cowen reissued a "hold" rating and set a $74.00 target price (down previously from $98.00) on shares of PVH in a research note on Wednesday, July 9th. The Goldman Sachs Group raised their target price on shares of PVH from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. UBS Group raised their target price on shares of PVH from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Morgan Stanley boosted their target price on shares of PVH from $64.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Wednesday, August 27th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $95.27.

About PVH

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.

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