Jacobs Levy Equity Management Inc. Cuts 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. decreased its holdings in PVH Corp. (NYSE:PVH - Free Report) by 61.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,925 shares of the textile maker's stock after selling 60,539 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.08% of PVH worth $2,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PVH. Smartleaf Asset Management LLC grew 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 in the last quarter. Allworth Financial LP grew 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 in the last quarter. GAMMA Investing LLC grew 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 in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of PVH in the first quarter worth $82,000. Finally, Central Pacific Bank Trust Division grew 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 in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Insider Activity at PVH

In other PVH 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 owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

PVH Stock Performance

PVH traded down $0.85 on Friday, reaching $81.18. The company had a trading volume of 976,703 shares, compared to its average volume of 1,287,591. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The stock has a market capitalization of $3.91 billion, a PE ratio of 9.10, a P/E/G ratio of 2.58 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. The stock has a 50-day moving average price of $77.30 and a 200-day moving average price of $73.37.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results 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. PVH had a net margin of 5.34% and a return on equity of 11.90%. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the company earned $3.01 earnings per share. PVH'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. As a group, research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm 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 $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. PVH's dividend payout ratio is presently 1.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $115.00 price target on shares of PVH in a research note on Thursday, June 5th. Cowen reaffirmed a "buy" rating on shares of PVH in a research report on Friday, June 6th. TD Cowen reaffirmed a "hold" rating and set a $74.00 price objective (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Evercore ISI decreased their price objective on shares of PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. Finally, Bank of America lifted their price objective on shares of PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, PVH presently has an average 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.