American Century Companies Inc. Raises Stake in PVH Corp. (NYSE:PVH)

American Century Companies Inc. lifted its stake in shares of PVH Corp. (NYSE:PVH) by 203.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 454,808 shares of the textile maker’s stock after acquiring an additional 304,973 shares during the period. American Century Companies Inc. owned 0.82% of PVH worth $48,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in PVH by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock worth $62,818,000 after purchasing an additional 3,745 shares during the period. Swedbank AB acquired a new position in PVH in the third quarter valued at approximately $17,542,000. Bank of Montreal Can grew its position in PVH by 775.4% in the third quarter. Bank of Montreal Can now owns 88,678 shares of the textile maker’s stock worth $8,906,000 after acquiring an additional 78,548 shares during the period. Qsemble Capital Management LP acquired a new stake in PVH during the third quarter worth $1,240,000. Finally, Bridgewater Associates LP raised its position in PVH by 86.7% in the third quarter. Bridgewater Associates LP now owns 157,248 shares of the textile maker’s stock valued at $15,855,000 after purchasing an additional 73,028 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Citigroup dropped their price target on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. UBS Group dropped their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, Morgan Stanley decreased their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.27.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

PVH Stock Up 0.1 %

Shares of NYSE:PVH opened at $66.88 on Thursday. PVH Corp. has a fifty-two week low of $62.94 and a fifty-two week high of $141.15. The firm’s 50 day moving average price is $77.99 and its 200 day moving average price is $93.32. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH’s dividend payout ratio (DPR) is currently 1.22%.

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.