The stock of PVH Corp (NYSE:PVH) is a huge mover today! About 1.45 million shares traded hands or 51.86% up from the average. PVH Corp (NYSE:PVH) has risen 10.92% since April 28, 2016 and is uptrending. It has outperformed by 4.99% the S&P500.
The move comes after 7 months positive chart setup for the $8.64 billion company. It was reported on Dec, 1 by Barchart.com. We have $114.31 PT which if reached, will make NYSE:PVH worth $518.40 million 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 firm has “Neutral” rating given on Monday, March 21 by JP Morgan. The stock of PVH Corp (NYSE:PVH) has “Outperform” rating given on Friday, December 4 by Telsey Advisory Group. The rating was maintained by Buckingham Research on Friday, August 28 with “Buy”. The rating was maintained by Piper Jaffray on Monday, December 7 with “Overweight”. On Wednesday, August 19 the stock rating was maintained by Piper Jaffray with “Buy”. Deutsche Bank maintained the shares of PVH in a report on Tuesday, August 25 with “Buy” rating. Citigroup maintained the shares of PVH in a report on Friday, August 26 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Buy” on Monday, March 28. Brean Capital maintained PVH Corp (NYSE:PVH) on Monday, March 28 with “Buy” rating. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, August 25 report.
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 0.99 in Q2 2016. Its down 0.18, from 1.17 in 2016Q1. The ratio fall, 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.
Andra Ap has 0.08% invested in the company for 32,700 shares. Westpac Banking Corp accumulated 0% or 49,531 shares. Davenport And Ltd Liability Company accumulated 0% or 560,761 shares. Guggenheim Cap Llc holds 0.12% of its portfolio in PVH Corp (NYSE:PVH) for 401,800 shares. Fiduciary Company holds 3,413 shares or 0.01% of its portfolio. Martingale Asset Mgmt Lp, a Massachusetts-based fund reported 83,159 shares. Sg Americas owns 1,537 shares or 0% of their US portfolio. Train Babcock Advsrs Limited Liability Corp owns 44,194 shares or 1.66% of their US portfolio. Century Incorporated last reported 6,159 shares in the company. Jacobs Levy Equity Management Inc reported 9,400 shares or 0.02% of all its holdings. The Manitoba – Canada-based Great West Life Assurance Can has invested 0.02% in PVH Corp (NYSE:PVH). Renaissance Techs Limited Liability Corporation owns 125,400 shares or 0.02% of their US portfolio. Aberdeen Asset Mgmt Public Limited Co Uk owns 495,583 shares or 0.17% of their US portfolio. The North Carolina-based Ncm Capital Mgmt Incorporated has invested 1.15% in PVH Corp (NYSE:PVH). Manufacturers Life The accumulated 86,793 shares or 0.01% of the stock.
Insider Transactions: Since June 15, 2016, the stock had 1 insider buy, and 5 insider sales for $3.56 million net activity. On Wednesday, October 5 DUANE FRANCIS K sold $2.85 million worth of the stock or 25,405 shares. $251,391 worth of shares were sold by BAGLIVO MARY on Monday, October 3. On Wednesday, October 12 the insider KOZEL DAVID F sold $335,880. Shares for $112,500 were sold by FISCHER MARK D. Another trade for 1,000 shares valued at $97,472 was made by McIntyre Geraldine Penny on Wednesday, June 15.
More notable recent PVH Corp (NYSE:PVH) news were published by: Businesswire.com which released: “PVH Corp. and Grupo Axo Announce Closing of Mexican Joint Venture” on December 01, 2016, also Streetinsider.com with their article: “UBS Raises Price Target on PVH Corp. (PVH) Following 3Q Report” published on December 01, 2016, Businesswire.com published: “PVH Corp. Reports 2016 Third Quarter Results” on November 30, 2016. More interesting news about PVH Corp (NYSE:PVH) were released by: Prnewswire.com and their article: “How These Textile Stocks are Faring? — Michael Kors, Lululemon Athletica, PVH …” published on November 30, 2016 as well as Nasdaq.com‘s news article titled: “PVH Corp. Announces 5% Decline In Q3 Bottom Line” with publication date: November 30, 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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