Swedbank AB Buys 148,103 Shares of 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 increased its stake in PVH Corp. (NYSE:PVH - Free Report) by 33.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 588,586 shares of the textile maker's stock after buying an additional 148,103 shares during the quarter. Swedbank AB owned 1.22% of PVH worth $38,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker's stock worth $52,000 after buying an additional 185 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after buying an additional 661 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of PVH in the 1st quarter worth about $82,000. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of PVH by 9.7% in the 1st 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 during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH traded up $1.50 during midday trading on Thursday, hitting $85.56. 226,493 shares of the company traded hands, compared to its average volume of 1,397,249. The stock has a 50-day moving average of $77.94 and a 200-day moving average of $73.57. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The firm has a market cap of $4.12 billion, a P/E ratio of 9.59, a PEG ratio of 2.61 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 quarterly 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 firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the business posted $3.01 earnings per share. 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. As a group, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH's dividend payout ratio is currently 1.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of PVH from $83.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI dropped their price objective 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. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group upped their price objective on shares of PVH from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Morgan Stanley upped their price objective on shares of PVH from $64.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $95.27.

Insider Buying and Selling at PVH

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

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.