PVH Corp. $PVH Shares Sold by Access Investment Management LLC

Key Points

• Access Investment Management cut its PVH stake by 30.7% in the third quarter, selling 33,275 shares and retaining 75,000 shares valued at approximately $5.55 million.
• Institutional investors own 97.25% of PVH, while CEO Stefan Larsson purchased 14,179 shares worth about $1 million, increasing his ownership by 4.22%.
• PVH exceeded quarterly earnings expectations with EPS of $3.70 versus the $3.08 consensus, though revenue fell 3.2% year over year. Analysts maintain a mixed outlook, with the stock carrying an average “Hold” rating and an $87.91 price target.

Access Investment Management LLC decreased its holdings in PVH Corp. (NYSE:PVH - Free Report) by 30.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the textile maker's stock after selling 33,275 shares during the quarter. PVH makes up approximately 1.4% of Access Investment Management LLC's holdings, making the stock its 29th largest holding. Access Investment Management LLC owned 0.16% of PVH worth $5,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC purchased a new position in shares of PVH during the 2nd quarter worth about $444,571,000. BlackRock Inc. acquired a new position in PVH during the second quarter worth approximately $332,758,000. Bank of New York Mellon Corp acquired a new position in PVH during the second quarter worth approximately $25,665,000. Man Group plc purchased a new position in PVH during the second quarter worth approximately $14,894,000. Finally, Bank of America Corp DE purchased a new position in PVH during the second quarter worth approximately $11,330,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insider Activity at PVH

In other news, CEO Stefan Larsson bought 14,179 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $70.53 per share, for a total transaction of $1,000,044.87. Following the completion of the purchase, the chief executive officer owned 349,889 shares of the company's stock, valued at $24,677,671.17. This trade represents a 4.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

PVH Stock Up 0.2%

Shares of PVH stock opened at $85.14 on Monday. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -23.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.76. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $76.87 and a 200 day moving average price of $81.62.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $3.70 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.62. PVH had a positive return on equity of 11.94% and a negative net margin of 1.89%. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $2.52 earnings per share. The firm's quarterly revenue was down 3.2% on a year-over-year basis. PVH has set its Q3 2026 guidance at 2.500-2.650 EPS and its FY 2026 guidance at 11.800-12.100 EPS. Equities research analysts forecast that PVH Corp. will post 12.06 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 2nd. PVH's payout ratio is presently -4.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PVH shares. Needham & Company LLC decreased their price target on shares of PVH from $102.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Weiss Ratings cut shares of PVH from a "hold (c)" rating to a "sell (d)" rating in a research note on Monday, September 14th. Jefferies Financial Group upped their price objective on PVH from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, October 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $79.00 target price on shares of PVH in a research report on Friday, September 4th. Finally, UBS Group reiterated a "buy" rating on shares of PVH in a report on Friday, September 4th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, PVH currently has an average rating of "Hold" and an average target price of $87.91.

PVH Company Profile

PVH Corp. NYSE: PVH is a global apparel company that owns and manages the Calvin Klein and Tommy Hilfiger brands. Its products include clothing, underwear, accessories, footwear, and related lifestyle merchandise sold through wholesale partners, company-operated stores, e-commerce platforms, and licensing arrangements.

The company traces its history to 1881, when Moses Phillips began selling shirts in New York. Formerly known as Phillips-Van Heusen Corporation, PVH expanded through acquisitions, including the purchase of Calvin Klein in 2003 and Tommy Hilfiger in 2010.

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