Stock Mover of the Day: What’s Propelling PVH Corp to Increase So Much?

Stock Mover of the Day: What's Propelling PVH Corp to Increase So Much?

The stock of PVH Corp (NYSE:PVH) is a huge mover today! About 919,148 shares traded hands or 0.54% up from the average. PVH Corp (NYSE:PVH) has risen 15.05% since April 8, 2016 and is uptrending. It has outperformed by 9.40% the S&P500.
The move comes after 9 months positive chart setup for the $9.14 billion company. It was reported on Nov, 10 by Barchart.com. We have $173.31 PT which if reached, will make NYSE:PVH worth $4.75 billion 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. The company was maintained on Monday, March 28 by Goldman Sachs. The stock of PVH Corp (NYSE:PVH) has “Neutral” rating given on Thursday, December 3 by Credit Suisse. Deutsche Bank maintained PVH Corp (NYSE:PVH) on Monday, August 31 with “Buy” rating. The company was initiated on Friday, September 30 by Guggenheim. Piper Jaffray maintained the shares of PVH in a report on Monday, December 7 with “Overweight” rating. The stock of PVH Corp (NYSE:PVH) has “Outperform” rating given on Friday, August 26 by Telsey Advisory Group. As per Friday, August 26, the company rating was maintained by Citigroup. The rating was maintained by Citigroup with “Neutral” on Friday, May 27. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 16. Deutsche Bank maintained the shares of PVH in a report on Friday, December 4 with “Buy” 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.
Scopus Asset Management Lp accumulated 1.01M shares or 1.27% of the stock. Gam Holdings Ag accumulated 114,587 shares or 0.17% of the stock. Pinebridge Invs Limited Partnership has invested 0.01% of its portfolio in PVH Corp (NYSE:PVH). Andra Ap has 32,700 shares for 0.08% of their US portfolio. Quantitative Inv Mgmt Ltd Liability Company accumulated 9,400 shares or 0.04% of the stock. Advantus Cap Management Inc last reported 7,814 shares in the company. Sumitomo Mitsui Trust Inc accumulated 0.04% or 233,601 shares. Finemark Fincl Bank And owns 644 shares or 0.01% of their US portfolio. Moreover, Raymond James Financial Advisors Inc has 0.01% invested in PVH Corp (NYSE:PVH) for 5,655 shares. Cubist Systematic Strategies Ltd Limited Liability Company last reported 49,073 shares in the company. Aviva Public Limited Liability Com accumulated 0.03% or 47,178 shares. Moreover, Blackrock Inc has 0.02% invested in PVH Corp (NYSE:PVH) for 171,993 shares. Nicholas Prtn L P has invested 0.38% of its portfolio in PVH Corp (NYSE:PVH). New York State Common Retirement Fund holds 0.05% or 354,844 shares in its portfolio. Shell Asset Management has invested 0.01% of its portfolio in PVH Corp (NYSE:PVH).

Insider Transactions: Since June 15, 2016, the stock had 1 buying transaction, and 5 insider sales for $3.56 million net activity. 3,000 PVH Corp (NYSE:PVH) shares with value of $335,880 were sold by KOZEL DAVID F. FISCHER MARK D had sold 1,000 shares worth $115,000 on Monday, October 10. McIntyre Geraldine Penny bought 1,000 shares worth $97,472. DUANE FRANCIS K also sold $2.85M worth of PVH Corp (NYSE:PVH) on Wednesday, October 5. BAGLIVO MARY sold $251,391 worth of stock.

Another recent and important PVH Corp (NYSE:PVH) news was published by Seekingalpha.com which published an article titled: “PVH Corp. – Room To Go” on November 09, 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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