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

PVH Corp. (NYSE:PVH) gapped up before the market opened 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 traded.

The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.55. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.11 billion. PVH had a return on equity of 11.82% and a net margin of 5.34%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.01 earnings per share. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS.

PVH Announces Dividend

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 given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 2.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PVH. Morgan Stanley reduced their price objective on PVH from $86.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, June 6th. Evercore ISI reduced their price objective on PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, June 5th. Bank of America lifted their price objective on PVH from $76.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $90.00 price objective on shares of PVH in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.40.

Insiders Place Their Bets

In other PVH news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 269,438 shares of the company’s stock, valued at $17,222,476.96. This trade represents a 6.16% 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, Director Jesper Andersen bought 600 shares of PVH stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the transaction, the director directly owned 736 shares of the company’s stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On PVH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH boosted its holdings in PVH by 9.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker’s stock valued at $13,539,000 after acquiring an additional 18,370 shares during the period. Cetera Investment Advisers boosted its holdings in PVH by 63.5% during the 1st quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock valued at $418,000 after acquiring an additional 2,511 shares during the period. Visionary Horizons LLC purchased a new position in PVH during the 1st quarter valued at about $513,000. Wedge Capital Management L L P NC boosted its holdings in PVH by 60.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker’s stock valued at $2,465,000 after acquiring an additional 14,331 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in PVH by 106.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,109 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 4,706 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 0.9%

The business has a fifty day moving average of $73.28 and a 200 day moving average of $72.90. The company has a market capitalization of $3.93 billion, a PE ratio of 9.16, a PEG ratio of 1.70 and a beta of 1.84. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

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.