Invesco Ltd. Has $20.86 Million Stock Position in PVH Corp. $PVH

Key Points

• Invesco Ltd. increased its holdings in PVH Corp. by 9.7%, owning approximately 322,717 shares valued at $20.86 million as of the latest filing.
• PVH reported a quarterly earnings of $2.30 per share, surpassing analysts' expectations, and generated $1.98 billion in revenue for the quarter.
• The company declared a quarterly dividend of $0.0375 per share, reflecting a 0.2% dividend yield with a low payout ratio of 2.12%.

Invesco Ltd. lifted its position in PVH Corp. (NYSE:PVH - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 322,717 shares of the textile maker's stock after purchasing an additional 28,528 shares during the quarter. Invesco Ltd. owned 0.61% of PVH worth $20,860,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PVH. Fort Washington Investment Advisors Inc. OH grew its holdings in PVH by 9.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock worth $13,539,000 after acquiring an additional 18,370 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of PVH by 63.5% in the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker's stock worth $418,000 after acquiring an additional 2,511 shares during the last quarter. Visionary Horizons LLC bought a new position in shares of PVH in the first quarter worth about $513,000. Wedge Capital Management L L P NC raised its stake in shares of PVH by 60.2% in 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 acquiring an additional 14,331 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of PVH by 106.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker's stock worth $963,000 after acquiring an additional 4,706 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Trading Up 4.5%

Shares of NYSE:PVH traded up $3.4390 during mid-day trading on Friday, reaching $79.8090. The stock had a trading volume of 961,877 shares, compared to its average volume of 941,869. The firm has a market cap of $3.84 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.84. The firm has a 50 day simple moving average of $72.24 and a two-hundred day simple moving average of $72.84. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a $0.0375 dividend. 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 (DPR) is currently 2.12%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PVH. Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. Evercore ISI dropped their target price on shares of PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. BMO Capital Markets dropped their target price on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. Wells Fargo & Company cut their target price on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Finally, TD Cowen restated a "hold" rating and set a $74.00 target price (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.40.

Insider Buying and Selling

In other news, CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired 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 directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jesper Andersen bought 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the acquisition, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

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.