Ownership Action Report: PVH Corp (NYSE:PVH) Institutional Investors Quarterly Sentiment

November 28, 2016 - By Vivian Park   ·   0 Comments

Ownership Action Report: PVH Corp (NYSE:PVH) Institutional Investors Quarterly Sentiment

Sentiment for PVH Corp (NYSE:PVH)

PVH Corp (NYSE:PVH) institutional sentiment decreased to 0.99 in Q2 2016. Its down -0.18, from 1.17 in 2016Q1. The ratio worsened, as 195 investment managers increased and opened new holdings, while 166 sold and reduced their stock positions in PVH Corp. The investment managers in our partner’s database now own: 75.31 million shares, down from 78.37 million shares in 2016Q1. Also, the number of investment managers holding PVH Corp in their top 10 holdings decreased from 11 to 7 for a decrease of 4. Sold All: 37 Reduced: 129 Increased: 138 New Position: 57.

PVH Corp. is an apparel company. The Company’s divisions include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The company has a market cap of $8.66 billion. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands. It has a 13.14 P/E ratio. The Firm creates and markets dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products and handbags, footwear and other related products, and licenses its owned brands over a range of products.

About 401,800 shares traded hands. PVH Corp (NYSE:PVH) has risen 14.12% since April 25, 2016 and is uptrending. It has outperformed by 8.11% the S&P500.

Analysts await PVH Corp (NYSE:PVH) to report earnings on November, 30 after the close. They expect $2.41 EPS, down 9.40% or $0.25 from last year’s $2.66 per share. PVH’s profit will be $192.76M for 11.22 P/E if the $2.41 EPS becomes a reality. After $1.47 actual EPS reported by PVH Corp for the previous quarter, Wall Street now forecasts 63.95% EPS growth.

According to Zacks Investment Research, “PVH Corp. designs and markets branded dress shirts, neckwear, sportswear, footwear and other related products. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. The Company’s portfolio of brands includes its owned brands and its licensed brands. It manages its business through its operating divisions, which consist of five reportable segments: Calvin Klein Licensing, Wholesale Dress Furnishings, Wholesale Sportswear and Related Products, Retail Apparel and Related Products and Retail Footwear and Related Products. PVH Corp., formerly known as Phillips-Van Heusen Corporation, is headquartered in New York, New York.”

Msd Capital L P holds 18.86% of its portfolio in PVH Corp for 800,285 shares. Shellback Capital Lp owns 525,000 shares or 6.35% of their US portfolio. Moreover, Hhr Asset Management Llc has 4.12% invested in the company for 859,501 shares. The California-based Causeway Capital Management Llc has invested 3.92% in the stock. Buckingham Capital Management Inc, a New York-based fund reported 317,980 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 5 insider sales for $3.56 million net activity.

PVH Corp (NYSE:PVH) Ratings Coverage

Ratings analysis reveals 67% of PVH Corp’s analysts are positive. Out of 12 Wall Street analysts rating PVH Corp, 8 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $83 while the high is $138. The stock’s average target of $112.60 is 4.06% above today’s ($108.21) share price. PVH was included in 38 notes of analysts from August 19, 2015. On Monday, March 28 the stock rating was maintained by Brean Capital with “Buy”. The rating was maintained by Telsey Advisory Group on Wednesday, November 25 with “Outperform”. The company was downgraded on Thursday, December 3 by Credit Suisse. The rating was maintained by Deutsche Bank on Friday, December 4 with “Buy”. The stock of PVH Corp (NYSE:PVH) earned “Outperform” rating by Telsey Advisory Group on Friday, December 4. The firm has “Buy” rating given on Tuesday, August 16 by Deutsche Bank. Brean Capital maintained the shares of PVH in a report on Friday, May 27 with “Buy” rating. On Friday, May 27 the stock rating was maintained by Citigroup with “Neutral”. The rating was initiated by Guggenheim on Friday, September 30 with “Buy”. The firm earned “Neutral” rating on Monday, March 28 by Goldman Sachs.

PVH Company Profile

PVH Corp., incorporated on April 8, 1976, is an apparel company. The Company’s divisions include Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands. The Firm creates and markets dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products and handbags, footwear and other related products, and licenses its owned brands over a range of products. The Firm sells its brands at multiple price points and across multiple channels of distribution and geographies.

More notable recent PVH Corp (NYSE:PVH) news were published by: Zacks.com which released: “PVH Corp. (PVH) Q3 Earnings: Stock to Post a Beat Again?” on November 23, 2016, also Seekingalpha.com with their article: “PVH Corp. – Room To Go” published on November 09, 2016, Nasdaq.com published: “PVH Corp. (PVH) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. More interesting news about PVH Corp (NYSE:PVH) were released by: Nasdaq.com and their article: “Agree To Purchase PVH Corp At $80, Earn 6.5% Using Options” published on November 23, 2016 as well as Businesswire.com‘s news article titled: “PVH Corp. to Host Conference Call to Discuss Third Quarter 2016 Earnings Results” with publication date: November 17, 2016.

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By Vivian Park

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