What’s Propelling PVH Corp to Increase So Much?

 What's Propelling PVH Corp to Increase So Much?

In today’s session PVH Corp (PVH) registered an unusually high (139) 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 139 contracts traded and 27534 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PVH161216C00115000 closed last at: $1.4 or 26.3% down. About 234,621 shares traded hands. PVH Corp (NYSE:PVH) has risen 8.36% since April 27, 2016 and is uptrending. It has outperformed by 3.13% 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 6.33% above today’s ($105.9) stock price. PVH Corp has been the topic of 38 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 16 by Deutsche Bank. UBS maintained PVH Corp (NYSE:PVH) rating on Tuesday, December 1. UBS has “Buy” rating and $125 price target. The firm has “Overweight” rating given on Monday, December 7 by Piper Jaffray. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, November 25 report. The firm has “Buy” rating given on Tuesday, August 23 by Brean Capital. The firm earned “Overweight” rating on Saturday, September 5 by Piper Jaffray. Goldman Sachs maintained PVH Corp (NYSE:PVH) rating on Thursday, August 25. Goldman Sachs has “Neutral” rating and $108 price target. The stock of PVH Corp (NYSE:PVH) earned “Buy” rating by Brean Capital on Friday, May 27. The rating was maintained by Deutsche Bank on Tuesday, August 25 with “Buy”. Deutsche Bank maintained the shares of PVH in a report on Friday, December 4 with “Buy” rating.

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 2016 Q2. Its down 0.18, from 1.17 in 2016Q1. The ratio is 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.
Blackrock Mgmt Limited Liability Company owns 186,678 shares or 0.02% of their US portfolio. Convergence Ptnrs Limited Liability Company last reported 0.08% of its portfolio in the stock. Sandy Spring Natl Bank has 0% invested in the company for 15 shares. Moreover, D E Shaw Co Incorporated has 0.3% invested in PVH Corp (NYSE:PVH) for 1.70 million shares. The California-based Wells Fargo And Mn has invested 0.01% in PVH Corp (NYSE:PVH). The California-based Franklin Resources has invested 0% in PVH Corp (NYSE:PVH). Credit Suisse Ag holds 0.02% or 163,807 shares in its portfolio. Strs Ohio last reported 17,031 shares in the company. Voya Limited Liability holds 0.01% or 47,011 shares in its portfolio. Oakbrook Investments Ltd Liability Corp, a Illinois-based fund reported 11,050 shares. Glenmede Tru Communications Na has invested 0.01% of its portfolio in PVH Corp (NYSE:PVH). Pnc Services Grp accumulated 0% or 32,242 shares. Kings Point Cap Mngmt accumulated 0.14% or 5,726 shares. Moreover, Swiss State Bank has 0.04% invested in PVH Corp (NYSE:PVH) for 229,700 shares. The Georgia-based Advisory Net Lc has invested 0% in PVH Corp (NYSE:PVH).

Insider Transactions: Since June 15, 2016, the stock had 1 buy, and 5 selling transactions for $3.56 million net activity. KOZEL DAVID F had sold 3,000 shares worth $335,880 on Wednesday, October 12. $251,391 worth of PVH Corp (NYSE:PVH) was sold by BAGLIVO MARY on Monday, October 3. 1,000 shares were sold by FISCHER MARK D, worth $112,500. The insider DUANE FRANCIS K sold 25,405 shares worth $2.85 million. 1,000 PVH Corp (NYSE:PVH) shares with value of $97,472 were bought by McIntyre Geraldine Penny.

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 $8.34 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 12.86 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 notable recent PVH Corp (NYSE:PVH) news were published by: Zacks.com which released: “PVH Corp. (PVH) Q3 Earnings: Stock to Post a Beat Again?” on November 23, 2016, also Seekingalpha.com with their article: “PVH Corp. – Room To Go” published on November 09, 2016, Nasdaq.com published: “PVH Corp. (PVH) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. More interesting news about PVH Corp (NYSE:PVH) were released by: Nasdaq.com and their article: “Agree To Purchase PVH Corp At $80, Earn 6.5% Using Options” published on November 23, 2016 as well as Businesswire.com‘s news article titled: “PVH Corp. to Host Conference Call to Discuss Third Quarter 2016 Earnings Results” with publication date: November 17, 2016.

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