Deutsche Bank AG Sells 33,054 Shares of PVH Corp. $PVH

Key Points

• Deutsche Bank AG reduced its holdings in PVH Corp. by 62.9%, selling 33,054 shares during the first quarter, leaving it with 19,456 shares valued at approximately $1.26 million.
• PVH Corp. reported a quarterly EPS of $2.30, beating estimates by $0.06, and recorded a revenue of $1.98 billion, surpassing expectations of $1.93 billion.
• The company announced a quarterly dividend of $0.0375 per share, to be paid on September 24th, representing an annualized yield of 0.2%.

Deutsche Bank AG reduced its holdings in PVH Corp. (NYSE:PVH - Free Report) by 62.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,456 shares of the textile maker's stock after selling 33,054 shares during the quarter. Deutsche Bank AG's holdings in PVH were worth $1,258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PVH. Kapitalo Investimentos Ltda bought a new stake in shares of PVH in the 4th quarter worth approximately $47,000. Allworth Financial LP boosted its position in shares of PVH by 78.2% during the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after purchasing an additional 408 shares in the last quarter. GAMMA Investing LLC grew its stake in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after purchasing an additional 661 shares during the period. New Age Alpha Advisors LLC bought a new position in PVH in the first quarter worth $82,000. Finally, Central Pacific Bank Trust Division lifted its position in PVH by 9.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock valued at $124,000 after buying an additional 170 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Up 4.5%

Shares of NYSE:PVH opened at $79.8090 on Friday. The company has a market cap of $3.84 billion, a P/E ratio of 11.26, a PEG ratio of 1.64 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The stock's fifty day moving average price is $72.24 and its 200-day moving average price is $72.80.

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

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH's dividend payout ratio is currently 2.12%.

Insider Activity

In related news, CEO Stefan Larsson acquired 15,645 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were purchased 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 of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought 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 of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PVH has been the subject of several recent research reports. Bank of America lowered their price objective on PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Cowen reissued a "buy" rating on shares of PVH in a research report on Friday, June 6th. UBS Group lowered their price objective on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Morgan Stanley lowered their price objective on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Finally, BMO Capital Markets lowered their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research report on Thursday, June 5th. Nine research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.40.

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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