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

PVH Corp (PVH) : Msd Capital L P reduced its stake in PVH Corp by 9.92% during the most recent quarter end. The investment management company now holds a total of 957,788 shares of PVH Corp which is valued at $99,609,952 after selling 105,427 shares in PVH Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PVH Corp makes up approximately 19.08% of Msd Capital L P’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd boosted its stake in PVH in the latest quarter, The investment management firm added 27,724 additional shares and now holds a total of 78,414 shares of PVH Corp which is valued at $8,155,056. PVH Corp makes up approx 0.05% of Amp Capital Investors Ltd’s portfolio.Employees Retirement System Of Texas boosted its stake in PVH in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 8,000 shares of PVH Corp which is valued at $832,000. PVH Corp makes up approx 0.01% of Employees Retirement System Of Texas’s portfolio.Mufg Americas Holdings Corp boosted its stake in PVH in the latest quarter, The investment management firm added 3,932 additional shares and now holds a total of 37,872 shares of PVH Corp which is valued at $3,902,710. PVH Corp makes up approx 0.13% of Mufg Americas Holdings Corp’s portfolio.Capital Fund Management S.a. reduced its stake in PVH by selling 135,047 shares or 42.85% in the most recent quarter. The Hedge Fund company now holds 180,136 shares of PVH which is valued at $18,098,264. PVH Corp makes up approx 0.31% of Capital Fund Management S.a.’s portfolio.Msi Financial Services Inc boosted its stake in PVH in the latest quarter, The investment management firm added 201 additional shares and now holds a total of 1,569 shares of PVH Corp which is valued at $157,637. PVH Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio.

PVH Corp opened for trading at $107.84 and hit $108.81 on the upside on Thursday, eventually ending the session at $108.18, with a gain of 0.39% or 0.42 points. The heightened volatility saw the trading volume jump to 7,50,109 shares. Company has a market cap of $8,747 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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