Northern Trust Corp Sells 24,095 Shares of PVH Corp. $PVH

Key Points

• Northern Trust Corp has reduced its stake in PVH Corp by 4.4%, now holding approximately 1.00% of the company, valued at $33.97 million after selling 24,095 shares in Q1.
• In contrast, several large investors increased their stakes in PVH, with Fort Washington up 9.6% and Cetera Investment Advisers up 63.5% during the same period.
• PVH's recent quarterly earnings exceeded expectations with an EPS of $2.52, surpassing the analysts' consensus estimate of $1.97, and the company raised its Q3 2025 earnings guidance.

Northern Trust Corp cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,547 shares of the textile maker's stock after selling 24,095 shares during the period. Northern Trust Corp owned approximately 1.00% of PVH worth $33,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH boosted its position in shares of 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 valued at $13,539,000 after purchasing an additional 18,370 shares in the last quarter. Cetera Investment Advisers boosted its holdings in PVH by 63.5% during the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker's stock worth $418,000 after buying an additional 2,511 shares in the last quarter. Visionary Horizons LLC acquired a new position in PVH in the first quarter worth approximately $513,000. Wedge Capital Management L L P NC increased its holdings 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 valued at $2,465,000 after buying an additional 14,331 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $963,000 after buying an additional 4,706 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PVH shares. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. BMO Capital Markets reduced their price objective 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. Morgan Stanley lifted their target price on shares of PVH from $64.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of PVH from $80.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $90.00 price objective on shares of PVH in a research report on Wednesday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $95.27.

Insider Buying and Selling at PVH

In related news, Director Jesper Andersen purchased 600 shares of the firm's stock in a transaction dated 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 purchase, the director directly owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

PVH Stock Up 4.6%

PVH stock traded up $3.93 during trading hours on Thursday, hitting $89.26. The company's stock had a trading volume of 1,335,235 shares, compared to its average volume of 1,170,181. The company has a market capitalization of $4.29 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 2.69 and a beta of 1.84. The stock has a 50 day moving average price of $75.82 and a two-hundred day moving average price of $73.22. 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 Corp. has a 12 month low of $59.28 and a 12 month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.55. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. On average, equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

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.