Easterly Investment Partners LLC Has $2.56 Million Stock Holdings in PVH Corp. $PVH

Key Points

• Easterly Investment Partners LLC increased its stake in PVH Corp by 92.4% in Q2, acquiring a total of 37,313 shares valued at approximately $2.56 million.
• PVH recently reported earnings of $2.52 per share for the last quarter, exceeding analyst expectations and showing a 4.5% revenue increase compared to the previous year.
• Analyst ratings for PVH show a consensus of 10 Buy ratings and 8 Hold ratings, with an average price target of $95.56.

Easterly Investment Partners LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 92.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,313 shares of the textile maker's stock after purchasing an additional 17,920 shares during the quarter. Easterly Investment Partners LLC owned about 0.08% of PVH worth $2,560,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker's stock worth $439,564,000 after acquiring an additional 246,070 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 170.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker's stock worth $147,262,000 after purchasing an additional 1,296,881 shares during the period. LSV Asset Management raised its position in shares of PVH by 10.7% during the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock valued at $85,829,000 after buying an additional 128,559 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of PVH by 76.6% in the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock valued at $51,932,000 after buying an additional 348,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in PVH by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker's stock worth $41,822,000 after buying an additional 19,340 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on PVH. Morgan Stanley upped their price target on PVH from $64.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. TD Cowen reiterated a "hold" rating and set a $74.00 price target (down previously from $98.00) on shares of PVH in a research note on Wednesday, July 9th. Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research note on Wednesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, UBS Group increased their price target on shares of PVH from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, PVH has an average rating of "Moderate Buy" and an average price target of $95.56.

PVH Price Performance

NYSE:PVH opened at $81.70 on Friday. 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 firm has a market cap of $3.93 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 2.61 and a beta of 1.89. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The company's 50-day moving average price is $82.17 and its two-hundred day moving average price is $76.00.

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 company 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%. PVH's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, equities analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

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