The stock of PVH Corp (NYSE:PVH) hit a new 52-week high and has $171.96 target or 54.00% above today’s $111.66 share price. The 9 months bullish chart indicates low risk for the $9.28B company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $171.96 price target is reached, the company will be worth $5.01 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 938,649 shares traded hands or 3.08% up from the average. PVH Corp (NYSE:PVH) has risen 39.61% since February 29, 2016 and is uptrending. It has outperformed by 27.39% the S&P500.
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. The rating was maintained by Brean Capital on Monday, March 28 with “Buy”. The firm has “Buy” rating by UBS given on Friday, August 26. The stock of PVH Corp (NYSE:PVH) earned “Buy” rating by Buckingham Research on Friday, May 27. Deutsche Bank maintained it with “Buy” rating and $117 target price in Tuesday, August 16 report. The stock of PVH Corp (NYSE:PVH) has “Buy” rating given on Friday, August 28 by Buckingham Research. The firm has “Buy” rating given on Friday, September 30 by Guggenheim. The rating was maintained by Goldman Sachs on Thursday, August 25 with “Neutral”. The firm earned “Overweight” rating on Saturday, September 5 by Piper Jaffray. Deutsche Bank maintained it with “Buy” rating and $106 target price in Friday, December 4 report. Citigroup maintained the shares of PVH in a report on Friday, August 26 with “Neutral” rating.
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 2016 Q2. Its down 0.01, from 1.18 in 2016Q1. The ratio dropped, 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.
Wfg Advisors L P owns 392 shares or 0.01% of their US portfolio. Herndon Capital Mgmt Limited holds 0% of its portfolio in PVH Corp (NYSE:PVH) for 7 shares. Moreover, Advisory Ntwk has 0% invested in PVH Corp (NYSE:PVH) for 80 shares. Biltmore Wealth Mngmt Ltd Llc last reported 0.6% of its portfolio in the stock. Moreover, Finemark National Bank & Trust And Trust has 0.01% invested in PVH Corp (NYSE:PVH) for 644 shares. Martingale Asset Mngmt Limited Partnership last reported 0.13% of its portfolio in the stock. State Bank Of New York Mellon Corp accumulated 0.07% or 2.31 million shares. Mizuho Trust And Bk Limited accumulated 130,032 shares or 0.04% of the stock. Eqis Cap Mgmt Inc has 0.03% invested in the company for 4,092 shares. Ncm Capital Advisers last reported 1.63% of its portfolio in the stock. Shellback Cap Ltd Partnership last reported 525,000 shares in the company. Allsquare Wealth Management Ltd Liability last reported 7 shares in the company. Babson Mngmt Limited Liability Company, a Massachusetts-based fund reported 15,150 shares. Washington Capital accumulated 0.55% or 4,100 shares. Pacific Global Invest last reported 29,935 shares in the company.
Insider Transactions: Since June 15, 2016, the stock had 1 buy, and 0 selling transactions for $97,472 net activity. On Wednesday, June 15 the insider McIntyre Geraldine Penny bought $97,472.
More important 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 article titled: “PVH Corp. Appoints Judith Amanda Sourry Knox to Its Board of Directors”, Zacks.com published: “PVH Corp’s (PVH) Upsurge Continues: Gains from Solid Q2” on September 09, 2016. More interesting news about PVH Corp (NYSE:PVH) was released by: Reuters.com and their article: “BRIEF-PVH Corp appoints Judith Amanda Sourry Knox to its board” with publication date: September 23, 2016.
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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