Northwestern Mutual Wealth Management Co. Purchases 21,007 Shares of PVH Corp. $PVH

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in PVH Corp. by 665.6%, acquiring an additional 21,007 shares, bringing its total holdings to 24,163 shares valued at $1.56 million.
• PVH Corp. reported strong quarterly earnings, with $2.52 per share, exceeding estimates and displaying a revenue increase of 4.5% year-over-year, amounting to $2.17 billion.
• The company announced a quarterly dividend of $0.0375, indicating a modest annualized dividend yield of 0.2%, with the payout ratio currently at 1.68%.

Northwestern Mutual Wealth Management Co. lifted its stake in PVH Corp. (NYSE:PVH - Free Report) by 665.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,163 shares of the textile maker's stock after purchasing an additional 21,007 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in PVH were worth $1,562,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PVH. Price T Rowe Associates Inc. MD boosted its stake in shares of PVH by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,274 shares of the textile maker's stock valued at $6,587,000 after buying an additional 7,632 shares during the period. Northern Trust Corp lifted its stake in PVH by 29.1% during the fourth quarter. Northern Trust Corp now owns 549,642 shares of the textile maker's stock worth $58,125,000 after purchasing an additional 124,022 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in PVH by 13.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,539 shares of the textile maker's stock worth $1,326,000 after purchasing an additional 1,500 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of PVH by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 215,526 shares of the textile maker's stock worth $22,792,000 after buying an additional 1,312 shares during the last quarter. Finally, Beck Bode LLC purchased a new position in shares of PVH in the 4th quarter valued at $1,638,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PVH. Bank of America lifted their price objective on shares of PVH from $76.00 to $88.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. 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 report on Thursday, June 5th. TD Cowen reissued a "hold" rating and issued a $74.00 price target (down from $98.00) on shares of PVH in a report on Wednesday, July 9th. Needham & Company LLC reiterated a "buy" rating and issued a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Finally, UBS Group raised their price objective on shares of PVH from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and a consensus price target of $95.27.

Insider Buying and Selling

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

PVH Trading Up 3.2%

Shares of NYSE PVH traded up $2.73 on Thursday, reaching $88.06. 553,755 shares of the company traded hands, compared to its average volume of 1,412,543. The stock has a market capitalization of $4.23 billion, a PE ratio of 9.86, a P/E/G ratio of 2.65 and a beta of 1.84. The company has a 50 day moving average of $75.33 and a 200 day moving average of $73.14. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week 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 posted its 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. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. PVH had a return on equity of 11.90% and a net margin of 5.34%.The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $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 forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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 given a $0.0375 dividend. 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 (DPR) is currently 1.68%.

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.