Worth Watching: PVH Corp Just Recorded A Sigfniciant Increase

Worth Watching: PVH Corp Just Recorded A Sigfniciant Increase

The stock of PVH Corp (NYSE:PVH) is a huge mover today! The stock increased 3.60% or $3.84 during the last trading session, hitting $110.5. About 1.61 million shares traded hands or 81.17% up from the average. PVH Corp (NYSE:PVH) has risen 33.84% since February 26, 2016 and is uptrending. It has outperformed by 23.42% the S&P500.
The move comes after 5 months positive chart setup for the $8.85 billion company. It was reported on Oct, 1 by Barchart.com. We have $167.96 PT which if reached, will make NYSE:PVH worth $4.60B more.

PVH Corp (NYSE:PVH) Ratings Coverage

Out of 12 analysts covering PVH Corp (NYSE:PVH), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. PVH Corp has been the topic of 38 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $120 target price in Friday, August 26 report. The stock of PVH Corp (NYSE:PVH) earned “Neutral” rating by Goldman Sachs on Thursday, August 25. The company was downgraded on Thursday, December 3 by Credit Suisse. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, December 4. The stock of PVH Corp (NYSE:PVH) earned “Buy” rating by Buckingham Research on Friday, August 28. The rating was maintained by Brean Capital with “Buy” on Tuesday, August 23. On Monday, March 21 the stock rating was maintained by JP Morgan with “Neutral”. The stock of PVH Corp (NYSE:PVH) earned “Buy” rating by Deutsche Bank on Tuesday, August 25. On Monday, December 7 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm earned “Overweight” rating on Thursday, August 27 by Piper Jaffray.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.01, from 1.18 in 2016Q1. The ratio is negative, as 37 funds sold all PVH Corp shares owned while 129 reduced positions. 57 funds bought stakes while 138 increased positions. They now own 75.31 million shares or 3.92% less from 78.37 million shares in 2016Q1.
The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.11% in PVH Corp (NYSE:PVH). Greenlight last reported 1.06% of its portfolio in the stock. Swiss Financial Bank holds 0.04% or 229,700 shares in its portfolio. Moreover, Mizuho Asset Coltd has 0.02% invested in PVH Corp (NYSE:PVH) for 1,276 shares. Pacific Inv Mngmt owns 29,935 shares or 0.65% of their US portfolio. Stifel last reported 19,284 shares in the company. Rhumbline Advisers has 121,407 shares for 0.03% of their US portfolio. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.27% or 49,073 shares in its portfolio. Financial Architects has 398 shares for 0.01% of their US portfolio. Shell Asset Management Co last reported 5,681 shares in the company. Nicholas Invest Limited Partnership, a California-based fund reported 57,725 shares. Canada Pension Plan Investment Board has 0.01% invested in the company for 25,400 shares. Peak6 Limited Partnership has 0% invested in the company for 906 shares. Diam Co Limited holds 0.01% of its portfolio in PVH Corp (NYSE:PVH) for 7,780 shares. Westfield Cap Management Ltd Partnership owns 195,400 shares or 0.15% of their US portfolio.

Insider Transactions: Since April 1, 2016, the stock had 1 buying transaction, and 0 sales for $97,472 net activity. 1,000 shares were bought by McIntyre Geraldine Penny, worth $97,472. The insider BAGLIVO MARY sold 2,560 shares worth $253,952.

More recent PVH Corp (NYSE:PVH) news were published by: Finance.Yahoo.com which released: “PVH Corp. Directs $1 Million of Its Save the Children Commitment to Support …” on September 20, 2016. Also Businesswire.com published the news titled: “PVH Corp. Appoints Judith Amanda Sourry Knox to Its Board of Directors” on September 23, 2016. Zacks.com‘s news article titled: “PVH Corp’s (PVH) Upsurge Continues: Gains from Solid Q2” with publication date: September 09, 2016 was also an interesting one.

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.

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