Santa Fe Partners adds PVH Corp (PVH) to its portfolio

PVH Corp (PVH) : Santa Fe Partners added new position in PVH Corp during the most recent quarter end. The investment management firm now holds 43,003 shares of PVH Corp which is valued at $4,101,196 , the company said in a statement filed on Apr 13, 2016 with the SEC.PVH Corp makes up approximately 0.67% of Santa Fe Partners’s portfolio.

PVH Corp opened for trading at $94.73 and hit $96.5 on the upside on Monday, eventually ending the session at $95.43, with a gain of 0.06% or 0.06 points. The heightened volatility saw the trading volume jump to 6,72,099 shares. Company has a market cap of $7,756 M.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in PVH in the latest quarter, The investment management firm added 1,530 additional shares and now holds a total of 3,135 shares of PVH Corp which is valued at $298,985. PVH Corp makes up approx 0.08% of Independent Portfolio Consultants’s portfolio. Central Trust Co sold out all of its stake in PVH during the most recent quarter. The investment firm sold 200 shares of PVH which is valued $19,074. Dnb Asset Management As sold out all of its stake in PVH during the most recent quarter. The investment firm sold 11,626 shares of PVH which is valued $1,108,772.Capstone Asset Management Co reduced its stake in PVH by selling 1,650 shares or 13.3% in the most recent quarter. The Hedge Fund company now holds 10,755 shares of PVH which is valued at $1,025,704. PVH Corp makes up approx 0.03% of Capstone Asset Management Co’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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