Optimize Financial Inc Buys 4,576 Shares of PVH Corp. $PVH

Key Points

• Optimize Financial Inc increased its holdings in PVH Corp. by 82.9% during the 1st quarter, owning a total of 10,099 shares valued at approximately $653,000.
• PVH Corp. reported earnings of $2.52 per share for the last quarter, surpassing analyst expectations by $0.55 and showing a 4.5% increase in revenue from the previous year.
• The company recently announced a quarterly dividend of $0.0375 per share, with the dividend payout ratio currently at 1.68%.

Optimize Financial Inc lifted its position in PVH Corp. (NYSE:PVH - Free Report) by 82.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,099 shares of the textile maker's stock after acquiring an additional 4,576 shares during the period. Optimize Financial Inc's holdings in PVH were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC raised its position in shares of PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after acquiring an additional 807,301 shares during the period. LSV Asset Management raised its position in shares of PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock valued at $85,829,000 after acquiring an additional 128,559 shares during the period. American Century Companies Inc. raised its position in shares of PVH by 76.6% in the 1st quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker's stock valued at $51,932,000 after acquiring an additional 348,592 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of PVH by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker's stock valued at $41,822,000 after acquiring an additional 19,340 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of PVH by 79.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock valued at $35,778,000 after acquiring an additional 245,740 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Down 1.0%

Shares of NYSE:PVH traded down $0.85 during midday trading on Friday, hitting $81.18. The stock had a trading volume of 976,703 shares, compared to its average volume of 1,287,591. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $77.30 and its 200-day simple moving average is $73.37. The company has a market cap of $3.91 billion, a P/E ratio of 9.10, a PEG ratio of 2.58 and a beta of 1.84.

PVH (NYSE:PVH - Get Free Report) last released 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 net margin of 5.34% and a return on equity of 11.90%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period last year, the business earned $3.01 earnings per share. The firm'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. On average, sell-side analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid 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 currently 1.68%.

Insider Buying and Selling at PVH

In other news, CEO Stefan Larsson bought 15,645 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the chief executive officer owned 269,438 shares of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

PVH has been the topic of several research analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $90.00 target price on shares of PVH in a report on Wednesday, August 27th. Needham & Company LLC restated a "buy" rating and set a $115.00 target price on shares of PVH in a report on Thursday, June 5th. The Goldman Sachs Group raised their target price on shares of PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Evercore ISI dropped their target price on shares of PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Finally, Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.