Optimize Financial Inc grew its holdings in PVH Corp. (NYSE:PVH – Free Report) by 82.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in PVH by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock valued at $421,000 after purchasing an additional 149 shares during the last quarter. Parallel Advisors LLC raised its stake in PVH by 8.9% during the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 162 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in PVH by 9.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 170 shares during the last quarter. ProShare Advisors LLC raised its stake in PVH by 7.2% during the 4th quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 176 shares during the last quarter. Finally, Comerica Bank raised its stake in PVH by 0.7% during the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock valued at $1,598,000 after purchasing an additional 180 shares during the last quarter. 97.25% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Jesper Andersen bought 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the acquisition, the director owned 736 shares in the company, valued at $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stefan Larsson bought 15,645 shares of the stock in a transaction dated Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. The trade was a 6.16% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.
PVH Trading Down 3.7%
PVH (NYSE:PVH – Get Free Report) last posted its earnings results on Tuesday, August 26th. 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 net margin of 5.34% and a return on equity of 11.90%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. The firm’s quarterly 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. On average, analysts expect that PVH Corp. will post 11.67 EPS for the current year.
PVH Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued 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 is presently 1.68%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on PVH shares. UBS Group upped their target price on shares of PVH from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. upped their target price on shares of PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Barclays upped their target price on shares of PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Wells Fargo & Company boosted their price target on shares of PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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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