Nuveen LLC Takes Position in PVH Corp. $PVH

Key Points

• Nuveen LLC has invested approximately $7.86 million in PVH Corp., acquiring 121,661 shares and owning about 0.23% of the company as of the latest SEC filing.
• Institutional investors have significantly increased their holdings in PVH, with ownership now at 97.25%, reflecting strong interest in the stock.
• PVH recently declared a quarterly dividend of $0.0375 per share, signaling shareholder returns, with a dividend yield of 0.2%.

Nuveen LLC bought a new position in PVH Corp. (NYSE:PVH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 121,661 shares of the textile maker's stock, valued at approximately $7,864,000. Nuveen LLC owned about 0.23% of PVH at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the 4th quarter worth approximately $47,000. Allworth Financial LP increased its position in 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 purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC raised its stake in PVH by 135.7% during the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in PVH during the first quarter valued at $82,000. Finally, Central Pacific Bank Trust Division grew its stake in shares of PVH by 9.7% in the 1st 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. 97.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PVH has been the topic of several recent research reports. Bank of America upped their target price on shares of PVH from $76.00 to $88.00 and gave the company a "neutral" rating in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and lifted their price target for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. UBS Group lifted their price target on PVH from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $90.00 target price on shares of PVH in a research report on Wednesday. Nine 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.com, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $95.27.

PVH Stock Up 0.9%

PVH stock traded up $0.76 during mid-day trading on Friday, reaching $84.02. 542,253 shares of the company were exchanged, compared to its average volume of 1,415,745. The business has a fifty day moving average of $73.64 and a 200 day moving average of $72.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 1.37. The firm has a market cap of $4.04 billion, a P/E ratio of 9.43, a PEG ratio of 1.68 and a beta of 1.84. 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 posted its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.55. PVH had a return on equity of 11.90% and a net margin of 5.34%.The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business earned $3.01 earnings per share. PVH's revenue was up 4.5% on a year-over-year basis. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. Research analysts anticipate that PVH Corp. will post 11.67 earnings per share 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 given a dividend of $0.0375 per share. 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 (DPR) is 1.68%.

Insider Transactions at PVH

In other news, Director Jesper Andersen purchased 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased 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 approximately $48,649.60. The trade was a 441.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stefan Larsson purchased 15,645 shares of the stock in a transaction dated 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 purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

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.