Nuveen LLC Invests $7.86 Million in PVH Corp. $PVH

Nuveen LLC bought a new position in PVH Corp. (NYSE:PVH) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 121,661 shares of the textile maker’s stock, valued at approximately $7,864,000. Nuveen LLC owned approximately 0.23% of PVH at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PVH. Pzena Investment Management LLC grew its stake in shares of PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after acquiring an additional 807,301 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in PVH during the fourth quarter valued at about $53,373,000. AQR Capital Management LLC grew its position in PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock valued at $59,909,000 after buying an additional 318,731 shares during the period. LSV Asset Management grew its position in PVH by 10.7% during the first 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 period. Finally, Northern Trust Corp grew its position in PVH by 29.1% during the fourth quarter. Northern Trust Corp now owns 549,642 shares of the textile maker’s stock valued at $58,125,000 after buying an additional 124,022 shares during the period. Institutional investors own 97.25% of the company’s stock.

Insider Transactions at PVH

In other news, Director Jesper Andersen purchased 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director owned 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Stefan Larsson purchased 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 completion of the acquisition, the chief executive officer owned 269,438 shares of the company’s stock, valued at approximately $17,222,476.96. This represents a 6.16% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PVH. Telsey Advisory Group restated an “outperform” rating and set a $90.00 price target on shares of PVH in a research report on Wednesday, August 20th. Evercore ISI reduced their price target on shares of PVH from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, June 5th. BMO Capital Markets reduced their price target on shares of PVH from $93.00 to $84.00 and set a “market perform” rating for the company in a research report on Thursday, June 5th. Bank of America reduced their price target on shares of PVH from $86.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, June 6th. Finally, Wells Fargo & Company reduced their price target on shares of PVH from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $93.40.

PVH Price Performance

Shares of NYSE:PVH opened at $79.8090 on Monday. 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 firm has a market capitalization of $3.84 billion, a PE ratio of 11.26, a P/E/G ratio of 1.64 and a beta of 1.84. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The company has a 50-day moving average price of $72.24 and a two-hundred day moving average price of $72.75.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $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. Equities analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently declared 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. 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 dividend payout ratio is presently 2.12%.

About PVH

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.