Connor Clark & Lunn Investment Management Ltd. Makes New $1.77 Million Investment in PVH Corp. $PVH

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 27,341 shares of PVH Corp. worth approximately $1.77 million, representing 0.05% ownership in the company.
• CEO Stefan Larsson purchased 15,645 shares at an average cost of $63.92, increasing his stake to 269,438 shares valued at over $17 million.
• PVH Corp. recently announced a quarterly dividend of $0.0375 per share, with an annualized yield of 0.2%, and reported earnings of $2.30 per share for the last quarter, exceeding analyst expectations.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 27,341 shares of the textile maker's stock, valued at approximately $1,767,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of PVH at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PVH. Fort Washington Investment Advisors Inc. OH grew its stake in shares of PVH by 9.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock worth $13,539,000 after acquiring an additional 18,370 shares during the period. Visionary Horizons LLC purchased a new position in shares of PVH in the first quarter worth $513,000. Cetera Investment Advisers lifted its holdings in shares of PVH by 63.5% in the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker's stock worth $418,000 after buying an additional 2,511 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in PVH by 60.2% during the first 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 purchasing an additional 14,331 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in PVH by 106.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock valued at $963,000 after purchasing an additional 4,706 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Insider Buying and Selling at PVH

In other news, CEO Stefan Larsson bought 15,645 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was bought at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the transaction, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jesper Andersen acquired 600 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the purchase, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PVH shares. Barclays cut their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. UBS Group cut their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Cowen reiterated a "buy" rating on shares of PVH in a report on Friday, June 6th. Morgan Stanley lowered their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of PVH from $76.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.40.

PVH Trading Down 0.1%

Shares of NYSE PVH traded down $0.0490 during trading on Tuesday, hitting $76.1910. 771,508 shares of the company were exchanged, compared to its average volume of 1,410,917. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The company has a fifty day moving average price of $71.23 and a 200-day moving average price of $72.86. The firm has a market capitalization of $3.66 billion, a PE ratio of 10.75, a P/E/G ratio of 1.58 and a beta of 1.84.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. PVH's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. PVH has set its Q2 2025 guidance at 1.850-2.00 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, equities research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a $0.0375 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is presently 2.12%.

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.