Hotchkis & Wiley Capital Management LLC Takes Position in PVH Corp. $PVH

Key Points

• Hotchkis & Wiley Capital Management LLC has invested approximately $5.46 million in PVH Corp., acquiring 84,520 shares, which constitutes around 0.16% of the company.
• Various hedge funds have recently increased their stakes in PVH, reflecting heightened institutional interest, with a total of 97.25% of the company's stock owned by institutional investors.
• Analysts have varied ratings on PVH, with Jefferies upgrading the stock to a buy and increasing its price target to $105.00, while others have adjusted their targets lower.

Hotchkis & Wiley Capital Management LLC acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 84,520 shares of the textile maker's stock, valued at approximately $5,463,000. Hotchkis & Wiley Capital Management LLC owned 0.16% of PVH as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PVH. State of Alaska Department of Revenue increased its position in shares of PVH by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock valued at $421,000 after buying an additional 149 shares during the period. Parallel Advisors LLC increased its position in shares of PVH by 8.9% during the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock valued at $128,000 after buying an additional 162 shares during the period. Central Pacific Bank Trust Division increased its position in shares of 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. ProShare Advisors LLC increased its position in shares of PVH by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker's stock valued at $276,000 after buying an additional 176 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of PVH by 30.0% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock valued at $52,000 after buying an additional 185 shares during the period. 97.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Stefan Larsson acquired 15,645 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the acquisition, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jesper Andersen purchased 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director directly owned 736 shares of the company's stock, valued at approximately $48,649.60. This 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 corporate insiders.

PVH Trading Up 1.3%

Shares of NYSE:PVH traded up $1.10 during trading on Friday, reaching $84.36. 1,143,316 shares of the company traded hands, compared to its average volume of 1,419,546. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.68 and a beta of 1.84. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a current ratio of 1.37, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The business's fifty day moving average is $73.64 and its 200-day moving average is $72.94.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.55. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 3rd. PVH's dividend payout ratio is currently 1.68%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Cowen restated a "buy" rating on shares of PVH in a research report on Friday, June 6th. Barclays upped their price objective on shares of PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a research report on Wednesday. Telsey Advisory Group restated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, TD Cowen restated a "hold" rating and issued a $74.00 price objective (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.27.

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.