Buckingham Capital Management Inc buys $26,738,295 stake in PVH Corp (PVH)

PVH Corp (PVH) : Buckingham Capital Management Inc scooped up 154,595 additional shares in PVH Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 278,292 shares of PVH Corp which is valued at $26,738,295.PVH Corp makes up approximately 1.55% of Buckingham Capital Management Inc’s portfolio.

PVH Corp closed down -0.29 points or -0.30% at $96.08 with 7,09,310 shares getting traded on Friday. Post opening the session at $96.8, the shares hit an intraday low of $95.6 and an intraday high of $97.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in PVH by selling 1 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 49 shares of PVH which is valued at $4,708.Gemmer Asset Management reduced its stake in PVH by selling 48 shares or 23.88% in the most recent quarter. The Hedge Fund company now holds 153 shares of PVH which is valued at $14,592. PVH Corp makes up approx 0.01% of Gemmer Asset Management’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in PVH by selling 1,954 shares or 12.92% in the most recent quarter. The Hedge Fund company now holds 13,170 shares of PVH which is valued at $1,256,023. PVH Corp makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Quotient Investors reduced its stake in PVH by selling 42,930 shares or 79.65% in the most recent quarter. The Hedge Fund company now holds 10,965 shares of PVH which is valued at $1,045,732. PVH Corp makes up approx 0.38% of Quotient Investors’s portfolio.Eqis Capital Management reduced its stake in PVH by selling 1,629 shares or 24.83% in the most recent quarter. The Hedge Fund company now holds 4,931 shares of PVH which is valued at $459,619. PVH Corp makes up approx 0.03% of Eqis Capital Management’s portfolio.

On the company’s financial health, PVH Corp reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $1.46. The company had revenue of $2112.50 million for the quarter, compared to analysts expectations of $2072.62 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS.

Many Wall Street Analysts have commented on PVH Corp. Company shares were Reiterated by Telsey Advisory Group on Mar 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 113 from a previous price target of $93 .Company shares were Reiterated by Deutsche Bank on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $95 .

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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