American Century Companies Inc. lessened its holdings in shares of PVH Corp. (NYSE:PVH – Free Report) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,780 shares of the textile maker’s stock after selling 163,023 shares during the period. American Century Companies Inc. owned approximately 0.65% of PVH worth $36,446,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of PVH by 9.7% during the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock valued at $129,067,000 after purchasing an additional 148,917 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in PVH by 1.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,513,465 shares of the textile maker’s stock valued at $106,835,000 after buying an additional 15,457 shares during the last quarter. AQR Capital Management LLC raised its position in PVH by 2.5% in the 4th quarter. AQR Capital Management LLC now owns 1,261,565 shares of the textile maker’s stock valued at $88,045,000 after buying an additional 30,385 shares during the last quarter. Geode Capital Management LLC raised its position in PVH by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 904,275 shares of the textile maker’s stock valued at $63,832,000 after buying an additional 4,786 shares during the last quarter. Finally, GMT Capital Corp raised its position in PVH by 2.0% in the 1st quarter. GMT Capital Corp now owns 820,800 shares of the textile maker’s stock valued at $73,183,000 after buying an additional 15,800 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on PVH shares. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. TheStreet lowered PVH from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $102.00 price target on shares of PVH in a research report on Tuesday, August 22nd. Finally, BMO Capital Markets boosted their price target on PVH from $81.00 to $90.00 in a research report on Thursday, June 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $92.06.
PVH Stock Up 0.4 %
PVH stock opened at $78.38 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.92 billion, a PE ratio of 24.80, a PEG ratio of 0.57 and a beta of 2.07. PVH Corp. has a 1-year low of $43.49 and a 1-year high of $94.51. The business’s 50 day simple moving average is $84.76 and its 200 day simple moving average is $83.27.
PVH (NYSE:PVH – Get Free Report) last released its quarterly earnings results on Thursday, June 1st. The textile maker reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.21. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. PVH had a return on equity of 11.83% and a net margin of 2.24%. During the same period in the previous year, the company posted $1.94 EPS. As a group, research analysts anticipate that PVH Corp. will post 10.01 EPS for the current year.
PVH Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $0.15 annualized dividend and a yield of 0.19%. PVH’s dividend payout ratio (DPR) is presently 4.75%.
About PVH
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.
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