Jacobs Levy Equity Management Inc. Has $2.45 Million Stock Holdings in PVH Corp. $PVH

Key Points

• Jacobs Levy Equity Management Inc. has reduced its stake in PVH Corp. by 61.5% during the first quarter, now holding 37,925 shares worth approximately $2.45 million.
• PVH Corp. reported earnings per share of $2.52 for the last quarter, exceeding expectations and indicating a 4.5% revenue growth year-over-year.
• The company has declared a quarterly dividend of $0.0375 per share, reflecting an annualized yield of 0.2%, with the ex-dividend date on September 3rd.

Jacobs Levy Equity Management Inc. cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 61.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,925 shares of the textile maker's stock after selling 60,539 shares during the period. Jacobs Levy Equity Management Inc. owned 0.08% of PVH worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after acquiring an additional 185 shares during the last quarter. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 408 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 661 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of PVH in the first quarter worth about $82,000. Finally, Central Pacific Bank Trust Division raised its stake in shares of 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 acquiring an additional 170 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Barclays boosted their price target on shares of PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Wells Fargo & Company boosted their price target on shares of PVH from $80.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Bank of America boosted their price target on shares of PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $95.27.

PVH Stock Up 1.8%

PVH traded up $1.49 during trading hours on Monday, hitting $82.54. 102,817 shares of the company's stock were exchanged, compared to its average volume of 1,403,795. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The stock's 50-day moving average is $77.30 and its two-hundred day moving average is $73.36. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 2.55 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The textile maker reported $2.52 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 business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the company posted $3.01 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal 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. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is presently 1.68%.

Insider Buying and Selling

In other news, CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction on Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, the chief executive officer directly owned 269,438 shares in the company, valued at $17,222,476.96. The trade was a 6.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

About PVH

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.