PVH Corp Draws Bullish Options Activity Today

 PVH Corp Draws Bullish Options Activity Today

In today’s session PVH Corp (PVH) registered an unusually high (353) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PVH increase. With 353 contracts traded and 3844 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PVH161216C00115000 closed last at: $3.9 or 13.3% down. About 195,018 shares traded hands. PVH Corp (NYSE:PVH) has risen 25.53% since March 15, 2016 and is uptrending. It has outperformed by 20.04% 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. Piper Jaffray maintained the stock with “Overweight” rating in Monday, December 7 report. Buckingham Research maintained it with “Buy” rating and $138 target price in Friday, August 28 report. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, December 3 report. The stock of PVH Corp (NYSE:PVH) earned “Neutral” rating by JP Morgan on Monday, March 21. The stock has “Buy” rating given by Deutsche Bank on Monday, March 28. Goldman Sachs maintained it with “Neutral” rating and $92 target price in Monday, March 28 report. The rating was maintained by Telsey Advisory Group on Friday, December 4 with “Outperform”. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, August 26. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 16. Brean Capital maintained PVH Corp (NYSE:PVH) rating on Monday, March 28. Brean Capital has “Buy” rating and $111 price target.

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 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.
Sg Americas Securities Limited Liability Com, a New York-based fund reported 1,537 shares. Goldman Sachs Gp has 2.35M shares for 0.07% of their US portfolio. The Illinois-based First Tru Lp has invested 0.06% in PVH Corp (NYSE:PVH). Babson Mngmt Llc holds 0.04% or 15,150 shares in its portfolio. Amica Retiree Med Tru holds 0.15% or 1,816 shares in its portfolio. Walleye Trading Llc holds 2,284 shares or 0% of its portfolio. Lpl Limited reported 2,936 shares or 0% of all its holdings. Princeton Alpha Mgmt Limited Partnership has invested 0.26% of its portfolio in PVH Corp (NYSE:PVH). Marshall Wace Llp holds 0.11% of its portfolio in PVH Corp (NYSE:PVH) for 140,876 shares. Gradient Invests Ltd Liability has invested 0% of its portfolio in PVH Corp (NYSE:PVH). Vaughan Nelson Lp holds 342,550 shares or 0.41% of its portfolio. Invesco last reported 0.04% of its portfolio in the stock. Mufg Americas Corporation holds 0.12% or 37,872 shares in its portfolio. Wealthtrust has 0.01% invested in the company for 109 shares. Pictet Asset Mgmt Limited holds 0.02% or 40,964 shares in its portfolio.

Insider Transactions: Since June 15, 2016, the stock had 1 insider buy, and 5 sales for $3.56 million net activity. $335,880 worth of PVH Corp (NYSE:PVH) was sold by KOZEL DAVID F. McIntyre Geraldine Penny bought $97,472 worth of stock. Shares for $251,391 were sold by BAGLIVO MARY. FISCHER MARK D sold $112,500 worth of stock. On Wednesday, October 5 the insider DUANE FRANCIS K sold $2.85 million.

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 $8.89 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 13.44 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 recent PVH Corp (NYSE:PVH) news were published by: Barrons.com which released: “PVH Corp.” on October 17, 2016. Also Zacks.com published the news titled: “PVH Corp. Scales 52-Week High: Should You Hold the Stock?” on October 04, 2016. Businesswire.com‘s news article titled: “PVH Corp. Directs $1 Million of Its Save the Children Commitment to Support …” with publication date: September 20, 2016 was also an interesting one.

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