LPL Financial LLC Boosts Stock Position in PVH Corp. $PVH

Key Points

• LPL Financial LLC increased its holdings in PVH Corp. by 321% during Q1, now owning 23,454 shares valued at approximately $1.5 million.
• PVH recently reported earnings of $2.30 per share for the quarter, surpassing estimates, with revenue of $1.98 billion, and set guidance for Q2 2025 at 1.850-2.00 EPS.
• In a recent insider transaction, CEO Stefan Larsson purchased 15,645 shares of PVH stock for approximately $1 million, increasing his ownership by 6.16%.

LPL Financial LLC grew its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 321.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,454 shares of the textile maker's stock after buying an additional 17,883 shares during the period. LPL Financial LLC's holdings in PVH were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after purchasing an additional 149 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after buying an additional 152 shares in the last quarter. Parallel Advisors LLC boosted its stake in PVH by 8.9% in the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after buying an additional 162 shares in the last quarter. Central Pacific Bank Trust Division boosted 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 buying an additional 170 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in PVH by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker's stock worth $276,000 after buying an additional 176 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jesper Andersen bought 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the transaction, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of 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 disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

PVH Stock Performance

NYSE PVH traded down $1.02 during trading hours on Wednesday, hitting $81.47. The company's stock had a trading volume of 412,283 shares, compared to its average volume of 1,403,643. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The company's 50 day simple moving average is $72.94 and its two-hundred day simple moving average is $72.84. The company has a market cap of $3.92 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $1.97 by $0.55. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%.PVH's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last 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. As a group, sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

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

Analyst Upgrades and Downgrades

PVH has been the subject of several research reports. Cowen reaffirmed a "buy" rating on shares of PVH in a research note on Friday, June 6th. Needham & Company LLC reiterated a "buy" rating and issued a $115.00 price objective on shares of PVH in a report on Thursday, June 5th. Barclays decreased their price objective on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, June 9th. TD Cowen reiterated a "hold" rating and issued a $74.00 price objective (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. Finally, Evercore ISI decreased their price objective on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.40.

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.