Pacer Advisors Inc. Sells 72,038 Shares of PVH Corp. $PVH

Key Points

• Pacer Advisors cut its PVH stake by 92.8% in the first quarter, selling 72,038 shares and retaining 5,554 shares valued at approximately $387,000. Institutional investors collectively own 97.25% of PVH.
• Analyst sentiment is mixed, with seven Buy, six Hold and three Sell ratings; the consensus rating is Hold with an average price target of $86.62.
• PVH reported quarterly EPS of $2.01, exceeding estimates of $1.80, while revenue rose 2.1% year over year to $2.03 billion. The company also declared a quarterly dividend of $0.0375, equivalent to a 0.2% annual yield.

Pacer Advisors Inc. trimmed its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 92.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,554 shares of the textile maker's stock after selling 72,038 shares during the period. Pacer Advisors Inc.'s holdings in PVH were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Neuberger Berman Group LLC raised its position in PVH by 4.7% in the 4th quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker's stock worth $232,000 after purchasing an additional 155 shares during the last quarter. NewEdge Advisors LLC boosted its position in PVH by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 16,212 shares of the textile maker's stock valued at $1,131,000 after buying an additional 171 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in PVH by 15.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker's stock valued at $94,000 after buying an additional 180 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of PVH by 12.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock valued at $114,000 after buying an additional 184 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of PVH by 12.6% in the 1st quarter. Parallel Advisors LLC now owns 1,937 shares of the textile maker's stock valued at $135,000 after buying an additional 217 shares during the period. 97.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PVH shares. Evercore set a $79.00 price target on PVH and gave the company an "in-line" rating in a research note on Thursday, June 4th. Zacks Research cut PVH from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Bank of America restated an "underperform" rating and set a $70.00 target price (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Needham & Company LLC reduced their target price on shares of PVH from $107.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, June 4th. Finally, The Goldman Sachs Group lowered their price target on shares of PVH from $93.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $86.62.

PVH Stock Down 2.6%

NYSE:PVH opened at $84.84 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. PVH Corp. has a 12-month low of $59.60 and a 12-month high of $100.75. The stock's fifty day simple moving average is $80.16 and its 200-day simple moving average is $77.65. The firm has a market capitalization of $3.91 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.29 and a beta of 1.74.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. PVH had a return on equity of 10.87% and a net margin of 1.76%.The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. PVH has set its Q2 2026 guidance at 3.000-3.10 EPS and its FY 2026 guidance at 11.800-12.10 EPS. Equities research analysts expect that PVH Corp. will post 12.01 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 2nd. PVH's dividend payout ratio (DPR) is currently 4.75%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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