Will PVH Corp Go Down Anytime Soon? Option Trader Doubt That

 Will PVH Corp Go Down Anytime Soon? Option Trader Doubt That

In today’s session PVH Corp (PVH) registered an unusually high (3,027) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PVH increase. With 3,027 contracts traded and 1304 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PVH161118C00115000 closed last at: $3.6 or 7.7% down. About 29,712 shares traded hands. PVH Corp (NYSE:PVH) has risen 32.50% since March 9, 2016 and is uptrending. It has outperformed by 25.09% 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. $138 is the highest target while $83 is the lowest. The $112.60 average target is 0.20% above today’s ($112.38) stock price. PVH Corp has been the topic of 38 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Friday, August 26 the stock rating was maintained by Telsey Advisory Group with “Outperform”. Piper Jaffray maintained the shares of PVH in a report on Wednesday, August 19 with “Buy” rating. The stock of PVH Corp (NYSE:PVH) earned “Neutral” rating by Citigroup on Friday, May 27. Deutsche Bank maintained PVH Corp (NYSE:PVH) on Tuesday, August 16 with “Buy” rating. Telsey Advisory Group maintained it with “Outperform” rating and $105 target price in Friday, December 4 report. Brean Capital maintained it with “Buy” rating and $122 target price in Tuesday, August 23 report. Deutsche Bank maintained it with “Buy” rating and $106 target price in Friday, December 4 report. The company was maintained on Tuesday, August 25 by Deutsche Bank. Buckingham Research maintained it with “Buy” rating and $118 target price in Friday, May 27 report. On Monday, March 21 the stock rating was maintained by JP Morgan with “Neutral”.

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 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.
The New York-based New York State Teachers Retirement has invested 0.04% in PVH Corp (NYSE:PVH). Rafferty Asset Mngmt Limited Liability Co last reported 6,140 shares in the company. Swiss State Bank owns 229,700 shares or 0.04% of their US portfolio. Da Davidson & Co accumulated 300 shares or 0% of the stock. Livforsakringsbolaget Skandia Omsesidigt reported 8,752 shares or 0.04% of all its holdings. Texas Permanent School Fund holds 0.03% or 26,292 shares in its portfolio. Regentatlantic Lc has 0.1% invested in the company for 10,645 shares. Jane Street Gru Llc accumulated 0% or 3,284 shares. Elk Creek Prtn Ltd holds 0.3% or 37,009 shares in its portfolio. Crestpoint Mgmt Ltd Liability reported 7,100 shares or 0.36% of all its holdings. Tcw Grp Incorporated Inc has invested 0.01% of its portfolio in PVH Corp (NYSE:PVH). Moreover, Federated Pa has 0.06% invested in PVH Corp (NYSE:PVH) for 234,967 shares. The New York-based Tompkins Fincl has invested 0.02% in PVH Corp (NYSE:PVH). Cls Invs Limited Liability owns 11,237 shares or 0.05% of their US portfolio. Aperio Gp has 0.03% invested in the company for 44,129 shares.

Insider Transactions: Since June 15, 2016, the stock had 1 buying transaction, and 4 insider sales for $3.23 million net activity. FISCHER MARK D sold 1,000 shares worth $112,500. BAGLIVO MARY sold $251,391 worth of stock or 2,280 shares. DUANE FRANCIS K also sold $2.85M worth of PVH Corp (NYSE:PVH) shares. McIntyre Geraldine Penny also bought $97,472 worth of PVH Corp (NYSE:PVH) shares.

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 $8.91 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 13.64 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.

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.

More news for PVH Corp (NYSE:PVH) were recently published by: Nasdaq.com, which released: “PVH Corp. Scales 52-Week High: Should You Hold the Stock?” on October 04, 2016. Businesswire.com‘s article titled: “PVH Corp. Directs $1 Million of Its Save the Children Commitment to Support …” and published on September 20, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment