PVH Corp Draws Bearish Options Activity Today

 PVH Corp Draws Bearish Options Activity Today

In today’s session PVH Corp (PVH) recorded an unusually high (1,190) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PVH decrease. With 1,190 contracts traded and 12444 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PVH161118P00105000 closed last at: $0.5 or 64.3% down. About 152,950 shares traded hands. PVH Corp (NYSE:PVH) has risen 19.72% since April 12, 2016 and is uptrending. It has outperformed by 14.74% 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 0.29% above today’s ($112.28) stock price. PVH Corp has been the topic of 38 analyst reports since August 19, 2015 according to StockzIntelligence Inc. As per Friday, December 4, the company rating was maintained by Deutsche Bank. The rating was downgraded by Credit Suisse on Thursday, December 3 to “Neutral”. The stock has “Buy” rating given by Deutsche Bank on Friday, August 26. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 28. Brean Capital maintained the shares of PVH in a report on Tuesday, August 23 with “Buy” rating. Deutsche Bank maintained PVH Corp (NYSE:PVH) on Tuesday, August 25 with “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, August 19. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 16. The rating was maintained by Buckingham Research on Friday, August 28 with “Buy”. Citigroup maintained PVH Corp (NYSE:PVH) rating on Friday, August 26. Citigroup has “Neutral” rating and $110 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 turned negative, 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.
M&R Capital Management Inc has 0.03% invested in the company for 1,000 shares. Federated Investors Inc Pa holds 234,967 shares or 0.06% of its portfolio. Blackrock last reported 171,993 shares in the company. Aviva Plc has 0.03% invested in the company for 47,178 shares. North Star Invest Mngmt holds 54 shares or 0% of its portfolio. Macquarie Ltd last reported 0% of its portfolio in the stock. Quantitative Systematic Strategies Ltd last reported 8,602 shares in the company. Amp Invsts last reported 0.04% of its portfolio in the stock. The Ontario – Canada-based Royal Bank & Trust Of Canada has invested 0% in PVH Corp (NYSE:PVH). C M Bidwell And Assocs Ltd owns 44,190 shares or 1.03% of their US portfolio. Lloyds Banking Gru Public Ltd Com reported 2,768 shares or 2.14% of all its holdings. Moreover, Janney Cap Mgmt Limited Liability has 0.82% invested in PVH Corp (NYSE:PVH) for 165,335 shares. State Treasurer State Of Michigan holds 28,200 shares or 0.02% of its portfolio. Biltmore Wealth Lc owns 7,550 shares or 0.6% of their US portfolio. Calamos Advsr Ltd Liability accumulated 11,178 shares or 0.01% of the stock.

Insider Transactions: Since June 15, 2016, the stock had 1 insider buy, and 5 sales for $3.56 million net activity. Shares for $2.85M were sold by DUANE FRANCIS K on Wednesday, October 5. McIntyre Geraldine Penny bought 1,000 shares worth $97,472. KOZEL DAVID F sold $335,880 worth of stock. FISCHER MARK D also sold $112,500 worth of PVH Corp (NYSE:PVH) shares. $251,391 worth of PVH Corp (NYSE:PVH) was sold by BAGLIVO MARY.

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 $8.99 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 13.63 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.

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.

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