Mitra Capital Lowers stake in PVH Corp (PVH)

PVH Corp (PVH) : Mitra Capital reduced its stake in PVH Corp by 8.99% during the most recent quarter end. The investment management company now holds a total of 40,043 shares of PVH Corp which is valued at $4,231,744 after selling 3,957 shares in PVH Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.PVH Corp makes up approximately 14.60% of Mitra Capital’s portfolio.

Other Hedge Funds, Including , Petrus Trust Company Lta sold out all of its stake in PVH during the most recent quarter. The investment firm sold 2,097 shares of PVH which is valued $221,611.Lord Abbett reduced its stake in PVH by selling 35,605 shares or 10.39% in the most recent quarter. The Hedge Fund company now holds 306,970 shares of PVH which is valued at $34,472,731. PVH Corp makes up approx 0.11% of Lord Abbett’s portfolio.Employees Retirement System Of Texas boosted its stake in PVH in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 11,000 shares of PVH Corp which is valued at $1,235,300. PVH Corp makes up approx 0.02% of Employees Retirement System Of Texas’s portfolio.Ncm Capital Management Group Inc reduced its stake in PVH by selling 150 shares or 15.0% in the most recent quarter. The Hedge Fund company now holds 850 shares of PVH which is valued at $91,545. PVH Corp makes up approx 1.11% of Ncm Capital Management Group Inc’s portfolio.Oakbrook Investments reduced its stake in PVH by selling 1,575 shares or 14.25% in the most recent quarter. The Hedge Fund company now holds 9,475 shares of PVH which is valued at $1,047,082. PVH Corp makes up approx 0.06% of Oakbrook Investments’s portfolio.

PVH Corp closed down -3.76 points or -3.41% at $106.37 with 7,01,617 shares getting traded on Monday. Post opening the session at $109.98, the shares hit an intraday low of $106.26 and an intraday high of $110.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. PVH Corp was Initiated by Guggenheim to “Buy” on Sep 30, 2016. PVH Corp was Resumed by Wells Fargo to “Outperform” on Sep 12, 2016. 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 .

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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