Avalon Global Asset Management adds PVH Corp (PVH) to its portfolio

PVH Corp (PVH) : Avalon Global Asset Management added new position in PVH Corp during the most recent quarter end. The investment management firm now holds 30,000 shares of PVH Corp which is valued at $3,120,000 , the company said in a statement filed on Aug 11, 2016 with the SEC.PVH Corp makes up approximately 2.66% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc reduced its stake in PVH by selling 163,021 shares or 55.43% in the most recent quarter. The Hedge Fund company now holds 131,067 shares of PVH which is valued at $13,630,968. PVH Corp makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Texas Permanent School Fund reduced its stake in PVH by selling 2,003 shares or 7.08% in the most recent quarter. The Hedge Fund company now holds 26,292 shares of PVH which is valued at $2,734,368. PVH Corp makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in PVH in the latest quarter, The investment management firm added 21,195 additional shares and now holds a total of 57,385 shares of PVH Corp which is valued at $5,491,171. PVH Corp makes up approx 0.07% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Cibc World Markets reduced its stake in PVH by selling 1,738 shares or 11.42% in the most recent quarter. The Hedge Fund company now holds 13,477 shares of PVH which is valued at $1,345,005. PVH Corp makes up approx 0.01% of Cibc World Markets’s portfolio.Keel Point reduced its stake in PVH by selling 188 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 6,738 shares of PVH which is valued at $664,232. PVH Corp makes up approx 0.28% of Keel Point’s portfolio.

PVH Corp opened for trading at $108.52 and hit $110.72 on the upside on Tuesday, eventually ending the session at $109.55, with a gain of 2.17% or 2.33 points. The heightened volatility saw the trading volume jump to 12,94,191 shares. Company has a market cap of $8,858 M.

On the company’s financial health, PVH Corp reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $1.29. The company had revenue of $1933.00 million for the quarter, compared to analysts expectations of $1935.85 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on PVH Corp. Company shares were Reiterated by Telsey Advisory Group on Aug 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 117 from a previous price target of $110 .

PVH Corp. is an apparel company. The Company’s brand portfolio consists Calvin Klein and Tommy Hilfiger Van Heusen IZOD ARROW Warner’s Olga and Eagle which are owned brands and Speedo Geoffrey Beene Kenneth Cole New York Kenneth Cole Reaction Sean John MICHAEL Michael Kors Michael Kors Collection Chaps Donald J. Trump Signature Collection DKNY Nautica Ted Baker J. Garcia Claiborne Ike Behar Jones New York and Ryan Seacrest which are licensed as well as various other licensed and private label brands. It designs and markets branded dress shirts neckwear sportswear jeanswear intimate apparel swim products and to a lesser extent handbags footwear and other related products. It manages its operations through its operating divisions which are presented as six segments: Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale and Heritage Brands Retail.

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