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

American Century Companies Inc. lowered its holdings in PVH Corp. (NYSE:PVH) by 80.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,179 shares of the textile maker’s stock after selling 283,478 shares during the quarter. American Century Companies Inc. owned 0.11% of PVH worth $5,140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invst LLC grew its stake in shares of PVH by 3.6% in the third quarter. Invst LLC now owns 9,404 shares of the textile maker’s stock valued at $720,000 after buying an additional 325 shares in the last quarter. Comerica Bank acquired a new stake in shares of PVH in the third quarter valued at $2,034,000. Creative Planning grew its stake in shares of PVH by 2.6% in the third quarter. Creative Planning now owns 5,074 shares of the textile maker’s stock valued at $388,000 after buying an additional 128 shares in the last quarter. Morgan Stanley grew its stake in shares of PVH by 26.0% in the third quarter. Morgan Stanley now owns 689,243 shares of the textile maker’s stock valued at $52,734,000 after buying an additional 142,335 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of PVH by 84.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 8,240 shares of the textile maker’s stock valued at $630,000 after buying an additional 3,768 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

PVH stock opened at $139.40 on Thursday. The company has a market capitalization of $8.31 billion, a P/E ratio of 16.44, a PEG ratio of 0.74 and a beta of 2.20. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $139.59. The business has a 50 day simple moving average of $129.62 and a 200-day simple moving average of $105.19. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, March 5th. PVH’s dividend payout ratio is presently 1.77%.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total transaction of $430,500.00. Following the completion of the sale, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at $3,432,069. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

PVH has been the subject of several analyst reports. The Goldman Sachs Group raised PVH from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $99.00 to $126.00 in a research note on Tuesday, December 12th. BMO Capital Markets boosted their target price on PVH from $90.00 to $107.00 and gave the stock a “market perform” rating in a research note on Friday, December 1st. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. UBS Group boosted their target price on PVH from $125.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, TheStreet raised PVH from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.27.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.