Msd Capital L P Lowers stake in PVH Corp (PVH)

PVH Corp (PVH) : Msd Capital L P reduced its stake in PVH Corp by 28.17% during the most recent quarter end. The investment management company now holds a total of 574,857 shares of PVH Corp which is valued at $60,750,888 after selling 225,428 shares in PVH Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.PVH Corp makes up approximately 14.48% of Msd Capital L P’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in PVH in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 51 shares of PVH Corp which is valued at $5,390. Vident Investment Advisory added PVH to its portfolio by purchasing 22,934 company shares during the most recent quarter which is valued at $2,575,488. PVH Corp makes up approx 0.35% of Vident Investment Advisory’s portfolio. Jaffetilchin Investment Partners added PVH to its portfolio by purchasing 3,146 company shares during the most recent quarter which is valued at $336,779. PVH Corp makes up approx 0.11% of Jaffetilchin Investment Partners’s portfolio.Advisors Asset Management boosted its stake in PVH in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 1,088 shares of PVH Corp which is valued at $115,905.

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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