American Century Companies Inc. Grows Position in PVH Corp. $PVH

Key Points

• American Century Companies Inc. increased its stake in PVH Corp. by 76.6%, owning 803,400 shares valued at approximately $51.93 million as of the latest SEC filing.
• PVH Corp. has received mixed ratings from analysts, with price targets ranging from $64 to $146 and a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.0375 per share, representing an annualized dividend yield of 0.2%.

American Century Companies Inc. increased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 76.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 803,400 shares of the textile maker's stock after acquiring an additional 348,592 shares during the quarter. American Century Companies Inc. owned approximately 1.53% of PVH worth $51,932,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC raised its stake in shares of PVH by 15.1% in the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after buying an additional 807,301 shares during the period. LSV Asset Management boosted its holdings in shares of PVH by 10.7% in the 1st quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker's stock worth $85,829,000 after purchasing an additional 128,559 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of PVH by 29.4% in the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after purchasing an additional 154,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PVH by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker's stock worth $41,822,000 after purchasing an additional 19,340 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after acquiring an additional 318,731 shares during the period. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PVH shares. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $105.00 in a report on Wednesday, May 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 target price on shares of PVH in a research report on Wednesday. Morgan Stanley decreased their target price on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Needham & Company LLC restated a "buy" rating and set a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Finally, Wells Fargo & Company reduced their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and a consensus price target of $93.40.

PVH Stock Performance

Shares of PVH stock traded up $3.4390 on Friday, reaching $79.8090. The stock had a trading volume of 961,877 shares, compared to its average volume of 941,869. The stock has a market cap of $3.84 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.84. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The company has a 50 day simple moving average of $72.24 and a 200 day simple moving average of $72.84.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%.The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $2.45 EPS. PVH has set its Q2 2025 guidance at 1.850-2.00 EPS. FY 2025 guidance at 10.750-11.00 EPS. Equities research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid 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, September 3rd. PVH's dividend payout ratio (DPR) is 2.12%.

Insiders Place Their Bets

In other news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the purchase, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stefan Larsson bought 15,645 shares of the stock in a transaction that occurred 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 represents a 6.16% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

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.