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

May 17, 2018 - By Joseph Arnett

PVH Corp. (NYSE:PVH) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.02, from 1.04 in 2017Q3. It turned negative, 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. Citadel Advsr Ltd Liability Corporation has 0.08% invested in PVH Corp. (NYSE:PVH). Glg Lc reported 20,491 shares. Macquarie Gru Limited has invested 0.01% of its portfolio in PVH Corp. (NYSE:PVH). Vantage Inv Advsrs Limited Liability Corp holds 0% or 38 shares in its portfolio. Plante Moran Finance Advsr Ltd Llc invested 0% in PVH Corp. (NYSE:PVH). California State Teachers Retirement System reported 135,674 shares. Dupont Mgmt Corp accumulated 319 shares. Moreover, Kbc Gp Nv has 0.07% invested in PVH Corp. (NYSE:PVH). Nomura has 8,569 shares. Asset Management One Communications Ltd holds 0.04% or 120,957 shares in its portfolio. Zacks Management has 5,766 shares. Mutual Of America Management Ltd reported 10,655 shares. Mai Capital Mgmt owns 0.1% invested in PVH Corp. (NYSE:PVH) for 13,167 shares. Hancock Communication holds 0.1% or 16,968 shares. Westpac Bk has 4,612 shares.

Since December 13, 2017, it had 0 insider purchases, and 16 selling transactions for $65.57 million activity. $323,150 worth of PVH Corp. (NYSE:PVH) was sold by FISCHER MARK D on Thursday, January 4. 3,100 shares were sold by SHIFFMAN STEVEN B, worth $445,656 on Tuesday, January 16. Shares for $3.42M were sold by DUANE FRANCIS K. 46,400 PVH Corp. (NYSE:PVH) shares with value of $7.30M were sold by Shaffer Michael A. BAGLIVO MARY had sold 1,000 shares worth $158,292 on Tuesday, April 10. 320 shares were sold by STEINER MELANIE, worth $43,838 on Tuesday, December 19.

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 $12.11B 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 $423.03 million and $1.34B US Long portfolio, upped its stake in Priceline Grp Inc (NASDAQ:PCLN) by 4,886 shares to 13,115 shares, valued at $22.79 million in 2017Q4, according to the filing. It also increased its holding in Floor & Decor Hldgs Inc by 150,000 shares in the quarter, for a total of 300,000 shares, and has risen its stake in Synnex Corp (NYSE:SNX).

Analysts await PVH Corp. (NYSE:PVH) to report earnings on May, 23. They expect $2.25 EPS, 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 EPS 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 Prnewswire.com with their article: “Pre-Market Technical Scan on Textile Equities — Ralph Lauren, Under Armour, PVH Corp., and VF Corp.” published on April 24, 2018, Streetinsider.com published: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018. More interesting news about PVH Corp. (NYSE:PVH) were released by: Twst.com and their article: “PVH Corp.: PVH Corp. to Host Conference Call to Discuss First Quarter 2018 Earnings Results” published on May 14, 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. Wells Fargo maintained PVH Corp. (NYSE:PVH) rating on Tuesday, December 5. Wells Fargo has “Outperform” rating and $158 target. The firm has “Hold” rating by Nomura given on Thursday, February 15. The firm has “Buy” rating by Cowen & Co given on Monday, November 27. Cowen & Co maintained the stock with “Buy” rating in Thursday, March 29 report. The firm has “Buy” rating given on Wednesday, February 7 by Deutsche Bank. On Wednesday, January 3 the stock rating was maintained by Wells Fargo with “Buy”. The stock of PVH Corp. (NYSE:PVH) earned “Outperform” rating by Credit Suisse on Thursday, March 29. The firm has “Buy” rating given on Thursday, March 29 by Wells Fargo. The stock of PVH Corp. (NYSE:PVH) earned “Buy” rating by Piper Jaffray on Tuesday, January 30. The stock has “Buy” rating by Guggenheim on Thursday, December 14.

PVH Corp. (NYSE:PVH) Institutional Positions Chart

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