Empowered Funds LLC Purchases New Stake in PVH Corp. $PVH

Key Points

• Empowered Funds LLC purchased 59,504 PVH shares worth approximately $4.42 million in the second quarter, giving it a 0.13% stake. Institutional investors collectively own 97.25% of PVH.
• Analyst sentiment is mixed: PVH has an average rating of “Hold” and a consensus price target of $86.82, despite several “Buy” ratings and recent target-price reductions.
• PVH reported quarterly EPS of $2.01, exceeding estimates of $1.80, while revenue rose 2.1% year over year to $2.03 billion. The company also declared a quarterly dividend of $0.0375 per share, representing a 0.2% annualized yield.

Empowered Funds LLC purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 59,504 shares of the textile maker's stock, valued at approximately $4,419,000. Empowered Funds LLC owned 0.13% of PVH as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its position in shares of PVH by 4.7% in the fourth quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker's stock valued at $232,000 after acquiring an additional 155 shares during the period. GAMMA Investing LLC boosted its holdings in shares of PVH by 10.2% during the second quarter. GAMMA Investing LLC now owns 1,708 shares of the textile maker's stock worth $127,000 after purchasing an additional 158 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of PVH by 1.1% during the first quarter. NewEdge Advisors LLC now owns 16,212 shares of the textile maker's stock worth $1,131,000 after purchasing an additional 171 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of PVH by 15.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker's stock worth $94,000 after purchasing an additional 180 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock worth $114,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

Analyst Ratings Changes

PVH has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of PVH in a research report on Friday, June 5th. Wall Street Zen lowered PVH from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Evercore set a $79.00 price objective on PVH and gave the stock an "in-line" rating in a research report on Thursday, June 4th. The Goldman Sachs Group reduced their target price on PVH from $93.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Finally, Needham & Company LLC decreased their target price on PVH from $107.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, June 4th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $86.82.

PVH Trading Down 2.5%

NYSE PVH opened at $73.93 on Tuesday. The firm has a market capitalization of $3.41 billion, a PE ratio of 23.40, a P/E/G ratio of 1.12 and a beta of 1.74. The stock's 50 day moving average is $79.48 and its 200 day moving average is $79.07. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.21. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. PVH had a return on equity of 10.87% and a net margin of 1.76%.The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.30 earnings per share. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. Research analysts forecast that PVH Corp. will post 12.01 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. PVH's dividend payout ratio (DPR) is 4.75%.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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