Vanguard Group Inc. Has $374.66 Million Holdings in PVH Corp. $PVH

Key Points

• Vanguard Group Inc. reduced its stake in PVH Corp. by 1.2% during the first quarter, currently holding approximately 5.8 million shares, which represents 11.01% of the company.
• PVH Corp.'s recent quarterly earnings exceeded expectations, reporting a net revenue of $1.98 billion and an earnings per share (EPS) of $2.30, surpassing analyst forecasts.
• The company announced a quarterly dividend of $0.0375 per share, with shareholders of record set to receive the payment on September 24th, translating to an annualized yield of 0.2%.

Vanguard Group Inc. decreased its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,796,161 shares of the textile maker's stock after selling 68,575 shares during the quarter. Vanguard Group Inc. owned 11.01% of PVH worth $374,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PVH. Wells Fargo & Company MN lifted its position in PVH by 62.2% during the fourth quarter. Wells Fargo & Company MN now owns 27,180 shares of the textile maker's stock worth $2,874,000 after purchasing an additional 10,424 shares during the period. Envestnet Asset Management Inc. lifted its position in PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after purchasing an additional 152 shares during the period. Cerity Partners LLC lifted its position in PVH by 122.5% during the fourth quarter. Cerity Partners LLC now owns 8,342 shares of the textile maker's stock worth $868,000 after purchasing an additional 4,592 shares during the period. Raymond James Financial Inc. bought a new stake in PVH during the fourth quarter worth about $4,923,000. Finally, Sterling Capital Management LLC lifted its position in PVH by 51.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,313 shares of the textile maker's stock worth $350,000 after purchasing an additional 1,129 shares during the period. Institutional investors own 97.25% of the company's stock.

PVH Trading Down 0.1%

Shares of NYSE:PVH traded down $0.0490 during midday trading on Tuesday, hitting $76.1910. 771,508 shares of the stock were exchanged, compared to its average volume of 1,410,917. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.58 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The business's 50-day moving average price is $71.23 and its 200 day moving average price is $72.86. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%.The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 earnings per share. PVH has set its Q2 2025 guidance at 1.850-2.00 EPS. FY 2025 guidance at 10.750-11.00 EPS. Analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. PVH's payout ratio is currently 2.12%.

Insider Buying and Selling

In related news, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the purchase, the director directly owned 736 shares in the company, valued at $48,649.60. The trade was a 441.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stefan Larsson bought 15,645 shares of the stock in a transaction on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. JPMorgan Chase & Co. boosted their target price on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 target price on shares of PVH in a research note on Thursday, June 5th. Finally, Wells Fargo & Company lowered their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, June 5th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.40.

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.