PVH Corp. $PVH Shares Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC increased its stake in PVH Corp. by 100.5%, acquiring an additional 9,274 shares, bringing its total holdings to 18,500 shares valued at approximately $1.2 million.
• Institutional investors control 97.25% of PVH's stock, with several firms increasing their holdings during the last quarter.
• PVH recently reported $2.52 EPS for the quarter, exceeding expectations, and declared a quarterly dividend of $0.0375 per share with a yield of 0.2%.

Magnetar Financial LLC boosted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 100.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the textile maker's stock after buying an additional 9,274 shares during the period. Magnetar Financial LLC's holdings in PVH were worth $1,196,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PVH. Pzena Investment Management LLC raised its position in shares of PVH by 15.1% during the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock worth $398,284,000 after acquiring an additional 807,301 shares during the last quarter. LSV Asset Management boosted its position in shares of PVH by 10.7% during the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock worth $85,829,000 after buying an additional 128,559 shares during the period. American Century Companies Inc. boosted its position in PVH by 76.6% during the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock valued at $51,932,000 after purchasing an additional 348,592 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in PVH by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker's stock valued at $41,822,000 after purchasing an additional 19,340 shares during the last quarter. Finally, Northern Trust Corp raised its stake in PVH by 29.1% in the fourth quarter. Northern Trust Corp now owns 549,642 shares of the textile maker's stock valued at $58,125,000 after buying an additional 124,022 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Performance

PVH stock traded down $0.61 on Wednesday, hitting $85.35. The company had a trading volume of 1,106,512 shares, compared to its average volume of 1,417,825. The stock's 50-day simple moving average is $74.90 and its 200 day simple moving average is $73.05. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 2.65 and a beta of 1.84. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47. The company has a current ratio of 1.37, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

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 (EPS) 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 company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $3.01 EPS. PVH's revenue for the quarter 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, equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH's dividend payout ratio is presently 1.68%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and increased their target price for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. Bank of America raised their target price on PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $115.00 target price on shares of PVH in a research report on Thursday, June 5th. Barclays lifted their price objective on PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $95.27.

Insiders Place Their Bets

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

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.