Shellback Capital LP Has Cut Its Position in Pvh Corp (PVH) by $8.91 Million

May 17, 2018 - By Alfred Lee

PVH Corp. (NYSE:PVH) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.02, from 1.04 in 2017Q3. It dropped, as 31 investors sold PVH shares while 165 reduced holdings. 56 funds opened positions while 143 raised stakes. 71.40 million shares or 0.58% more from 70.99 million shares in 2017Q3 were reported. Lmr Prtn Llp invested 0.07% in PVH Corp. (NYSE:PVH). Caxton LP reported 5,000 shares. The Australia-based Westpac Bk has invested 0.01% in PVH Corp. (NYSE:PVH). Emerald Advisers Pa owns 3,507 shares or 0.02% of their US portfolio. California State Teachers Retirement Sys stated it has 0.04% of its portfolio in PVH Corp. (NYSE:PVH). San Francisco Sentry Invest Gru (Ca) reported 209 shares. Cornerstone Advsrs Inc accumulated 29 shares or 0% of the stock. Teacher Retirement Sys Of Texas invested in 23,414 shares or 0.02% of the stock. National Bank Of America De has 486,403 shares. Asset One Limited holds 0.04% or 120,957 shares in its portfolio. Comerica Bank has 0.02% invested in PVH Corp. (NYSE:PVH). Nelson Van Denburg Campbell Wealth Mgmt Group Limited Liability Corp accumulated 2,131 shares or 0.07% of the stock. Moreover, Ls Investment Advsr has 0.03% invested in PVH Corp. (NYSE:PVH). Kentucky Retirement Trust Fund reported 0.05% stake. Smithfield owns 1,630 shares for 0.03% of their portfolio.

Since December 13, 2017, it had 0 buys, and 16 sales for $65.57 million activity. $267,990 worth of PVH Corp. (NYSE:PVH) shares were sold by BAGLIVO MARY. Shaffer Michael A sold $7.30M worth of PVH Corp. (NYSE:PVH) on Friday, April 6. The insider FISCHER MARK D sold $131,280. $3.42 million worth of PVH Corp. (NYSE:PVH) shares were sold by DUANE FRANCIS K. $3.10M worth of PVH Corp. (NYSE:PVH) was sold by NASELLA HENRY. Shares for $84,750 were sold by PERLMAN DANA.

Shellback Capital Lp decreased its stake in Pvh Corp (PVH) by 13% based on its latest 2017Q4 regulatory filing with the SEC. Shellback Capital Lp sold 65,000 shares as the company’s stock rose 5.58% while stock markets declined. The institutional investor held 435,000 shares of the apparel company at the end of 2017Q4, valued at $59.69M, down from 500,000 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Pvh Corp for a number of months, seems to be less bullish one the $12.11 billion market cap company. The stock increased 1.23% or $1.91 during the last trading session, reaching $157.12. About 635,970 shares traded. PVH Corp. (NYSE:PVH) has risen 41.04% since May 17, 2017 and is uptrending. It has outperformed by 29.49% the S&P500.

Shellback Capital Lp, which manages about $423.03M and $1.34 billion US Long portfolio, upped its stake in Expedia Inc Del (NASDAQ:EXPE) by 47,700 shares to 115,491 shares, valued at $13.83M in 2017Q4, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 140,000 shares in the quarter, for a total of 195,000 shares, and has risen its stake in Stanley Black & Decker Inc (NYSE:SWK).

Analysts await PVH Corp. (NYSE:PVH) to report earnings on May, 23. They expect $2.25 earnings per share, up 36.36 % or $0.60 from last year’s $1.65 per share. PVH’s profit will be $173.38M for 17.46 P/E if the $2.25 EPS becomes a reality. After $1.58 actual earnings per share reported by PVH Corp. for the previous quarter, Wall Street now forecasts 42.41 % EPS growth.

More notable recent PVH Corp. (NYSE:PVH) news were published by: Businesswire.com which released: “PVH Corp. Named No. 1 Apparel Company on CR Magazine’s 100 Best Corporate Citizens List” on May 07, 2018, also Businesswire.com with their article: “PVH Corp. to Host Conference Call to Discuss First Quarter 2018 Earnings Results” published on May 14, 2018, Twst.com published: “PVH Corp.: PVH Corp. to Host Conference Call to Discuss First Quarter 2018 Earnings Results” on May 14, 2018. More interesting news about PVH Corp. (NYSE:PVH) were released by: Prnewswire.com and their article: “Pre-Market Technical Scan on Textile Equities — Ralph Lauren, Under Armour, PVH Corp., and VF Corp.” published on April 24, 2018 as well as Nasdaq.com‘s news article titled: “Analysis: Positioning to Benefit within Advaxis, elf Beauty, Heron Therapeutics, PVH, Energy Recovery, and AO Smith …” with publication date: May 14, 2018.

PVH Corp. (NYSE:PVH) Ratings Coverage

Among 12 analysts covering PVH (NYSE:PVH), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. PVH had 22 analyst reports since November 27, 2017 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $150.0 target in Monday, November 27 report. The firm earned “Buy” rating on Thursday, March 8 by Cowen & Co. The stock has “Buy” rating by B. Riley & Co on Friday, December 22. The stock of PVH Corp. (NYSE:PVH) earned “Buy” rating by FBR Capital on Wednesday, April 4. Barclays Capital maintained the shares of PVH in report on Thursday, January 25 with “Overweight” rating. The stock of PVH Corp. (NYSE:PVH) has “Overweight” rating given on Monday, April 2 by Barclays Capital. Wells Fargo maintained the shares of PVH in report on Wednesday, January 3 with “Buy” rating. On Thursday, March 29 the stock rating was maintained by Wells Fargo with “Buy”. Telsey Advisory Group maintained it with “Outperform” rating and $158 target in Thursday, November 30 report. The company was maintained on Tuesday, December 5 by Wells Fargo.

PVH Corp. (NYSE:PVH) Institutional Positions Chart

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