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

American Century Companies Inc. lowered its stake in PVH Corp. (NYSE:PVH - Free Report) by 80.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,179 shares of the textile maker's stock after selling 283,478 shares during the period. American Century Companies Inc. owned approximately 0.11% of PVH worth $5,140,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PVH. Quarry LP grew its holdings in PVH by 81.8% in the 2nd quarter. Quarry LP now owns 320 shares of the textile maker's stock valued at $27,000 after buying an additional 144 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of PVH in the third quarter valued at about $25,000. Huntington National Bank increased its position in PVH by 281.1% during the second quarter. Huntington National Bank now owns 423 shares of the textile maker's stock worth $36,000 after acquiring an additional 312 shares during the period. Belpointe Asset Management LLC raised its stake in PVH by 39.8% in the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker's stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in PVH in the 1st quarter valued at about $53,000. 97.25% of the stock is owned by institutional investors.

PVH Trading Up 0.9 %

PVH stock traded up $1.21 during trading hours on Thursday, hitting $140.61. The stock had a trading volume of 896,920 shares, compared to its average volume of 775,938. The business's 50 day simple moving average is $129.62 and its 200-day simple moving average is $105.19. PVH Corp. has a one year low of $69.27 and a one year high of $140.75. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.75 and a beta of 2.20. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH's dividend payout ratio (DPR) is presently 1.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Thursday, December 7th. UBS Group upped their target price on PVH from $125.00 to $158.00 and gave the company a "buy" rating in a research report on Monday, December 4th. BMO Capital Markets raised their price target on PVH from $90.00 to $107.00 and gave the stock a "market perform" rating in a research report on Friday, December 1st. TD Cowen increased their price objective on shares of PVH from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company boosted their target price on shares of PVH from $110.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average price target of $116.27.

Insider Buying and Selling

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

PVH Company 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.