Erste Asset Management GmbH Sells 18,000 Shares of PVH Corp. $PVH

Key Points

• Erste Asset Management GmbH reduced its stake in PVH Corp. by 90.5%, selling 18,000 shares and leaving it with just 1,882 shares valued at $122,000.
• PVH reported a quarterly earnings per share (EPS) of $2.30, which exceeds analyst expectations, and has provided FY 2025 guidance of 10.750-11.00 EPS.
• The company recently declared a quarterly dividend of $0.0375, with a dividend yield of 0.2%, to be paid on September 24th to shareholders of record.

Erste Asset Management GmbH lowered its position in PVH Corp. (NYSE:PVH - Free Report) by 90.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,882 shares of the textile maker's stock after selling 18,000 shares during the period. Erste Asset Management GmbH's holdings in PVH were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PVH. Kapitalo Investimentos Ltda bought a new stake in PVH in the fourth quarter worth about $47,000. Allworth Financial LP lifted its stake in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC lifted 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 last quarter. New Age Alpha Advisors LLC bought a new stake in PVH in the first quarter worth about $82,000. Finally, Central Pacific Bank Trust Division lifted its stake in PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Trading Up 4.5%

NYSE:PVH opened at $79.8090 on Friday. PVH Corp. has a one year low of $59.28 and a one year 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 firm has a market cap of $3.84 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.57 and a beta of 1.84. The firm has a 50-day simple moving average of $72.24 and a 200-day simple moving average of $72.84.

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

PVH Announces Dividend

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

Insider Activity

In other news, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stefan Larsson acquired 15,645 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of PVH from $76.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Bank of America decreased their price objective on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Cowen reiterated a "buy" rating on shares of PVH in a report on Friday, June 6th. Finally, Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $105.00 in a report on Wednesday, May 14th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.40.

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.

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