Quotient Investors LLC Decreased Stake in Pvh Corp Com (NYSE:PVH) by $4.25 Million as Shares Rose


Quotient Investors Llc decreased its stake in Pvh Corp Com (NYSE:PVH) by 79.65% based on its latest 2016Q2 regulatory filing with the SEC. Quotient Investors Llc sold 42,930 shares as the company’s stock rose 34.79% with the market. The institutional investor held 10,965 shares of the apparel company at the end of 2016Q2, valued at $1.09 million, down from 53,895 at the end of the previous reported quarter. Quotient Investors Llc who had been investing in Pvh Corp Com for a number of months, seems to be less bullish one the $8.69 billion market cap company. The stock is down 1.67% or $1.81 after the negative news, hitting $106.84 per share. About 411,402 shares traded hands. PVH Corp (NYSE:PVH) has risen 51.15% since February 8, 2016 and is uptrending. It has outperformed by 34.67% the S&P500.

Quotient Investors Llc, which manages about $423.26 million and $272.67 million US Long portfolio, upped its stake in Berkshire Hathaway Inc Cl B Ne (BRKB) by 22,664 shares to 33,425 shares, valued at $4.74 million in 2016Q2, according to the filing.

Quotient Investors Llc is a New York-based institutional investor with more than $423.26 million AUM in November, 2014. Taken from Quotient Investors latest Adv, the fund reported to have 4 full and part-time employees. Among which 2 performing investment advisory and research functions. The institutional investor had between 1-10 clients.

The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.01, from 1.18 in 2016Q1. The ratio fall, as 37 funds sold all PVH 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.

Bronson Point Management Llc holds 2.21% of its portfolio in PVH for 70,000 shares. Lloyds Banking Group Plc owns 2,768 shares or 2.14% of their US portfolio. Moreover, Omega Advisors Inc. has 2.07% invested in the company for 774,000 shares. The New Jersey-based Systematic Financial Management Lp has invested 1.74% in the stock. Davidson Kempner Capital Management Lp, a New York-based fund reported 400,000 shares.

Out of 11 analysts covering PVH Corp (NYSE:PVH), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $128 is the highest target while $83 is the lowest. The $112.60 average target is 5.39% above today’s ($106.84) stock price. PVH Corp has been the topic of 28 analyst reports since November 23, 2015 according to StockzIntelligence Inc. Buckingham Research maintained the stock on August 26 with “Buy” rating. Goldman Sachs maintained it with “Neutral” rating and $108 target price in an August 25 report. Deutsche Bank maintained the shares of PVH in a report on August 26 with “Buy” rating. Brean Capital maintained the firm’s rating on August 23. Brean Capital has “Buy” rating and $122 price target. Lastly, Telsey Advisory Group maintained the stock with “Outperform” rating in an August 26 report.

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 $8.69 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 12.97 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.

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