American Century Companies Inc. Boosts Holdings in PVH Corp. (NYSE:PVH)

American Century Companies Inc. increased its stake in shares of PVH Corp. (NYSE:PVH) by 203.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,808 shares of the textile maker’s stock after acquiring an additional 304,973 shares during the quarter. American Century Companies Inc.’s holdings in PVH were worth $48,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in PVH during the fourth quarter worth approximately $41,000. Allworth Financial LP purchased a new stake in PVH in the fourth quarter valued at approximately $50,000. GAMMA Investing LLC boosted its holdings in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after acquiring an additional 303 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Up 0.1 %

Shares of NYSE PVH opened at $66.88 on Thursday. 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 firm has a 50-day moving average price of $77.99 and a 200 day moving average price of $93.32. PVH Corp. has a 52 week low of $62.94 and a 52 week high of $141.15. The stock has a market capitalization 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Citigroup dropped their price target on PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

PVH 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.