Shellback Capital LP Decreases Stake in PVH Corp. $PVH

Key Points

• Shellback Capital LP has decreased its holdings in PVH Corp. by 86.9%, selling 63,610 shares and ending up with 9,590 shares valued at $620,000.
• In the first quarter, institutions collectively own 97.25% of PVH's stock, with Pzena Investment Management LLC increasing its stake by 15.1% and American Century Companies Inc. by 76.6%.
• PVH announced a quarterly dividend of $0.0375 per share, set to be paid on September 24th, representing an annualized yield of 0.2%.

Shellback Capital LP lessened its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 86.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,590 shares of the textile maker's stock after selling 63,610 shares during the period. Shellback Capital LP's holdings in PVH were worth $620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue raised its position in shares of PVH by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after acquiring an additional 149 shares in the last quarter. Parallel Advisors LLC raised its position in shares of PVH by 8.9% during the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after acquiring an additional 162 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of PVH by 9.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after acquiring an additional 170 shares in the last quarter. ProShare Advisors LLC raised its position in shares of PVH by 7.2% during the 4th quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker's stock worth $276,000 after acquiring an additional 176 shares in the last quarter. Finally, Comerica Bank raised its position in shares of PVH by 0.7% during the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker's stock worth $1,598,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Performance

Shares of PVH stock traded up $0.25 during midday trading on Friday, hitting $82.27. The company had a trading volume of 329,413 shares, compared to its average volume of 1,407,558. The company's 50 day simple moving average is $77.14 and its 200 day simple moving average is $73.38. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 2.57 and a beta of 1.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business posted $3.01 EPS. The company'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 Announces Dividend

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

Insider Buying and Selling at PVH

In other PVH news, CEO Stefan Larsson purchased 15,645 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were 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 in the company, valued at $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PVH. Bank of America raised their target price on PVH from $76.00 to $88.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. BMO Capital Markets cut their price target on PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research report on Thursday, June 5th. The Goldman Sachs Group lifted their price target on PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. lifted their price target on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, PVH presently has an average rating of "Moderate Buy" and a consensus price target of $95.27.

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.