Hsbc Holdings PLC Increases Holdings in PVH Corp. $PVH

Key Points

• Hsbc Holdings PLC has increased its position in PVH Corp. by 296.8% during Q1, now holding 34,773 shares worth approximately $2.23 million.
• PVH Corp. reported $2.52 EPS for the last quarter, exceeding the consensus estimate by $0.55, with revenues reaching $2.17 billion.
• The company recently announced a quarterly dividend of $0.0375 per share, set to be paid on September 24th, representing an annual yield of 0.2%.

Hsbc Holdings PLC increased its position in PVH Corp. (NYSE:PVH - Free Report) by 296.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,773 shares of the textile maker's stock after buying an additional 26,009 shares during the quarter. Hsbc Holdings PLC owned 0.07% of PVH worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in shares of PVH during the fourth quarter worth approximately $47,000. Allworth Financial LP grew its holdings in shares of PVH by 78.2% during the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC raised its position in PVH by 135.7% in the 1st 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 purchased a new position in PVH in the 1st quarter worth $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. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Performance

Shares of PVH opened at $81.72 on Thursday. The company has a 50-day simple moving average of $73.28 and a two-hundred day simple moving average of $72.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The firm has a market capitalization of $3.93 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.84. PVH Corp. has a one year low of $59.28 and a one year high of $113.47.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 11.82% and a net margin of 5.34%.The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.01 EPS. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. On average, analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PVH. Wells Fargo & Company reduced their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 5th. Cowen restated a "buy" rating on shares of PVH in a report on Friday, June 6th. Evercore ISI reduced their price target on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, June 5th. Morgan Stanley decreased their price target on PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Friday, June 6th. Finally, BMO Capital Markets dropped their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.40.

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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