PVH Corp. $PVH Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in PVH Corp. by 49.6%, owning 4,606 shares valued at approximately $298,000 following the sale of 4,539 shares.
• Institutional investors control 97.25% of PVH's stock, with significant stake increases reported from firms like Pzena Investment Management LLC and LSV Asset Management.
• PVH recently reported an earnings per share (EPS) of $2.52 for the quarter, surpassing expectations, while the company declared a quarterly dividend of $0.0375 per share with a payout ratio of 1.68%.

HighTower Advisors LLC lowered its stake in PVH Corp. (NYSE:PVH - Free Report) by 49.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,606 shares of the textile maker's stock after selling 4,539 shares during the quarter. HighTower Advisors LLC's holdings in PVH were worth $298,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PVH. Pzena Investment Management LLC grew its stake in shares of PVH by 15.1% in the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after buying an additional 807,301 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of PVH in the fourth quarter valued at about $53,373,000. LSV Asset Management grew its stake in shares of PVH by 10.7% in the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock valued at $85,829,000 after buying an additional 128,559 shares in the last quarter. Northern Trust Corp grew its stake in shares of PVH by 29.1% in the fourth quarter. Northern Trust Corp now owns 549,642 shares of the textile maker's stock valued at $58,125,000 after buying an additional 124,022 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PVH in the first quarter valued at about $7,864,000. Institutional investors and hedge funds own 97.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America increased their target price on 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 lowered their target price on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. Evercore ISI reduced their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. JPMorgan Chase & Co. increased their price target on PVH from $76.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and increased their price target for the company from $70.00 to $105.00 in a report on Wednesday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.27.

Insider Activity at PVH

In related news, Director Jesper Andersen purchased 600 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

PVH Price Performance

Shares of PVH opened at $85.98 on Wednesday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 2.65 and a beta of 1.84. The stock has a 50 day moving average of $74.90 and a 200-day moving average of $73.05. 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 Corp. has a 52 week low of $59.28 and a 52 week high of $113.47.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $1.97 by $0.55. The company 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 business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.01 EPS. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. As a group, analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH's dividend payout ratio (DPR) is 1.68%.

PVH Company 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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.