310,570 Shares in PVH Corp. $PVH Acquired by Invenomic Capital Management LP

Key Points

• Invenomic Capital Management LP has acquired 310,570 shares of PVH Corp., worth approximately $20.1 million, making it the firm's 26th largest position.
• PVH's recent earnings report indicated $2.52 EPS, exceeding predictions of $1.97, alongside revenue of $2.17 billion, representing a 4.5% year-over-year increase.
• The company is set to pay a quarterly dividend of $0.0375 per share on September 24th, showing a modest annualized yield of 0.2%.

Invenomic Capital Management LP bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 310,570 shares of the textile maker's stock, valued at approximately $20,075,000. PVH comprises approximately 1.0% of Invenomic Capital Management LP's investment portfolio, making the stock its 26th biggest holding. Invenomic Capital Management LP owned approximately 0.65% of PVH as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of PVH by 9.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock valued at $13,539,000 after purchasing an additional 18,370 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of PVH by 63.5% during the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker's stock worth $418,000 after buying an additional 2,511 shares during the period. Visionary Horizons LLC acquired a new position in shares of PVH during the first quarter worth approximately $513,000. Wedge Capital Management L L P NC boosted its position in shares of PVH by 60.2% during the first quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker's stock worth $2,465,000 after buying an additional 14,331 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of PVH by 106.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock worth $963,000 after buying an additional 4,706 shares during the period. 97.25% of the stock is owned by institutional investors.

Insider Activity at PVH

In related news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction dated Thursday, June 26th. The stock was acquired at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

PVH Price Performance

PVH stock traded down $0.84 during mid-day trading on Wednesday, hitting $81.49. The company's stock had a trading volume of 265,937 shares, compared to its average volume of 1,411,888. 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 stock has a market capitalization of $3.92 billion, a P/E ratio of 9.14, a P/E/G ratio of 2.66 and a beta of 1.84. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The stock's fifty day moving average price is $76.79 and its two-hundred day moving average price is $73.29.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly 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. PVH had a net margin of 5.34% and a return on equity of 11.90%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the business posted $3.01 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PVH. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 price target on shares of PVH in a research note on Wednesday, August 27th. Morgan Stanley increased their price target on PVH from $64.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Bank of America increased their price target on PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Evercore ISI decreased their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. Finally, Barclays increased their price target on PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus price target of $95.27.

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.