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

American Century Companies Inc. lifted its holdings in PVH Corp. (NYSE:PVH) by 37.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,021 shares of the textile maker’s stock after purchasing an additional 21,790 shares during the quarter. American Century Companies Inc. owned 0.14% of PVH worth $8,472,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in shares of PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares during the period. LSV Asset Management raised its stake in shares of PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after acquiring an additional 124,309 shares during the period. Principal Financial Group Inc. boosted its stake in shares of PVH by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 744,225 shares of the textile maker’s stock worth $78,791,000 after purchasing an additional 3,074 shares during the period. Bank of New York Mellon Corp grew its stake in shares of PVH by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 692,490 shares of the textile maker’s stock valued at $73,314,000 after buying an additional 111,307 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of PVH by 17.7% in the second quarter. Victory Capital Management Inc. now owns 622,613 shares of the textile maker’s stock worth $65,916,000 after buying an additional 93,600 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 0.1 %

NYSE PVH opened at $97.00 on Tuesday. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The company has a 50 day moving average price of $98.31 and a 200 day moving average price of $109.77. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.41 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.74 and a beta of 2.12.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm posted $1.98 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Wednesday, September 4th. PVH’s payout ratio is currently 1.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PVH. Bank of America dropped their price objective on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Evercore ISI lifted their price target on shares of PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, BMO Capital Markets dropped their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.40.

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.