Swedbank AB Raises Stock Holdings in PVH Corp. $PVH

Key Points

• Swedbank AB increased its stake in PVH Corp. by 33.6% in Q1, owning approximately 1.22% of the company with a valuation of $38.05 million.
• CEO Stefan Larsson purchased 15,645 shares at $63.92 each, increasing his ownership by 6.16%.
• PVH Corp. reported a quarterly EPS of $2.52, exceeding estimates and demonstrating a 4.5% year-over-year revenue increase.

Swedbank AB grew its stake in PVH Corp. (NYSE:PVH - Free Report) by 33.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,586 shares of the textile maker's stock after buying an additional 148,103 shares during the quarter. Swedbank AB owned approximately 1.22% of PVH worth $38,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PVH. Smartleaf Asset Management LLC increased its position in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after buying an additional 185 shares in the last quarter. Allworth Financial LP increased its position in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after buying an additional 408 shares in the last quarter. GAMMA Investing LLC increased its position in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after buying an additional 661 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in PVH in the first quarter worth about $82,000. Finally, Central Pacific Bank Trust Division increased its position in PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insider Activity

In related news, CEO Stefan Larsson acquired 15,645 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

PVH Price Performance

NYSE:PVH opened at $81.18 on Friday. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.58 and a beta of 1.84. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The business has a 50 day simple moving average of $77.30 and a 200-day simple moving average of $73.37. 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 posted its quarterly earnings data on Tuesday, August 26th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.55. The business 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 company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company 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. Equities analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders 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 of this dividend is Wednesday, September 3rd. PVH's dividend payout ratio (DPR) is presently 1.68%.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research note on Wednesday, August 27th. UBS Group upped their price objective on PVH from $146.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Evercore ISI dropped their price objective on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. The Goldman Sachs Group upped their price objective on PVH from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $95.27.

PVH 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.

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