PVH (NYSE:PVH) Shares Gap Up Following Strong Earnings

Key Points

• PVH shares gapped up to $85.11 after the company reported earnings per share of $2.52, exceeding analysts' expectations by $0.55, along with a revenue of $2.17 billion for the quarter.
• The firm announced a quarterly dividend of $0.0375 per share, reflecting an annualized dividend of $0.15 and a yield of 0.2%, with the payout ratio at 2.12%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for PVH, with several raising target prices, notably JPMorgan's increase from $76.00 to $87.00.

PVH Corp. (NYSE:PVH - Get Free Report) shares gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $82.49, but opened at $85.11. PVH shares last traded at $81.00, with a volume of 577,382 shares.

The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.55. PVH had a return on equity of 12.66% and a net margin of 4.63%.The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $3.01 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS.

PVH Dividend Announcement

The firm also recently announced 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. 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 presently 2.12%.

Wall Street Analyst Weigh In

PVH has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, July 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. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Cowen reaffirmed a "buy" rating on shares of PVH in a research report on Friday, June 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 price target on shares of PVH in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.40.

Insider Buying and Selling at PVH

In other news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction dated Thursday, June 26th. The shares were bought at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the purchase, the chief executive officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jesper Andersen bought 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the purchase, the director directly owned 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PVH

A number of institutional investors have recently made changes to their positions in PVH. Pzena Investment Management LLC boosted its position in shares of PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker's stock worth $439,564,000 after purchasing an additional 246,070 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in PVH by 170.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker's stock valued at $147,262,000 after buying an additional 1,296,881 shares during the last quarter. LSV Asset Management increased its stake in 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 buying an additional 128,559 shares during the last quarter. American Century Companies Inc. lifted its stake in PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker's stock valued at $72,658,000 after acquiring an additional 255,755 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PVH by 3.1% in the first 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 last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 1.7%

The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.68 and a beta of 1.84. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The business's 50 day simple moving average is $72.94 and its 200 day simple moving average is $72.84.

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.

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