Systematic Financial Management Lp buys $132,742,442 stake in PVH Corp (PVH)

PVH Corp (PVH) : Systematic Financial Management Lp scooped up 220,315 additional shares in PVH Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,347,639 shares of PVH Corp which is valued at $132,742,442.PVH Corp makes up approximately 1.72% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in PVH by selling 31,599 shares or 9.66% in the most recent quarter. The Hedge Fund company now holds 295,350 shares of PVH which is valued at $30,435,818. PVH Corp makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in PVH in the latest quarter, The investment management firm added 11,318 additional shares and now holds a total of 22,300 shares of PVH Corp which is valued at $2,298,015. PVH Corp makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.Pitcairn Co reduced its stake in PVH by selling 384 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 4,424 shares of PVH which is valued at $444,479. PVH Corp makes up approx 0.06% of Pitcairn Co’s portfolio.

PVH Corp closed down -0.13 points or -0.12% at $105.05 with 8,56,756 shares getting traded on Wednesday. Post opening the session at $104.95, the shares hit an intraday low of $104.001 and an intraday high of $105.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, PVH Corp reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 25, 2016. Analyst had a consensus of $1.43. The company had revenue of $1918.00 million for the quarter, compared to analysts expectations of $1901.08 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 $1.50 EPS.

Many Wall Street Analysts have commented on PVH Corp. 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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