Connor Clark & Lunn Investment Management Ltd. Sells 16,473 Shares of PVH Corp. $PVH

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of PVH Corp. (NYSE:PVH) by 60.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,868 shares of the textile maker’s stock after selling 16,473 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in PVH were worth $746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of PVH during the 2nd quarter worth about $38,000. UMB Bank n.a. increased its holdings in shares of PVH by 63.3% during the second quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after buying an additional 240 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of PVH by 1,284.4% in the second quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 578 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after acquiring an additional 185 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in PVH by 45.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock worth $62,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Down 3.3%

PVH opened at $73.57 on Wednesday. The firm has a 50 day simple moving average of $81.90 and a 200 day simple moving average of $77.79. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 26th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.55. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. PVH had a net margin of 5.34% and a return on equity of 11.90%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.01 EPS. PVH has set its Q3 2025 guidance at 2.350-2.50 EPS. FY 2025 guidance at 10.750-11.00 EPS. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be given 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 is Wednesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. UBS Group upped their price target on shares of PVH from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group raised their price objective on shares of PVH from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of PVH from $76.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of PVH in a research note on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.13.

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.