PVH Corp (PVH) Making Big Move After Strong Results, Raised Guidance

As aggregate interest increased, key money managers jumped into PVH Corp (NYSE:PVH) headfirst. Scopus Asset Management initiated the biggest call position in PVH Corp (NYSE:PVH), having $64.4 million invested in the company at the end of the quarter. David Einhorn’s Greenlight Capital also made a $60.9 million investment in the stock during the quarter. The following funds were also among the new PVH investors: David Harding’s Winton Capital Management, Benjamin A. Smith’s Laurion Capital Management, and Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as PVH Corp (NYSE:PVH) but similarly valued. These stocks are Mobile TeleSystems OJSC (ADR) (NYSE:MBT), Vereit Inc (NYSE:VER), Aramark (NYSE:ARMK), and Bunge Ltd (NYSE:BG). This group of stocks’ market valuations match PVH’s market valuation.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $1.02 billion. That figure was $1.30 billion in PVH’s case. Aramark (NYSE:ARMK) is the most popular stock in this table. On the other hand Mobile TeleSystems OJSC (ADR) (NYSE:MBT) is the least popular one with only 11 bullish hedge fund positions. PVH Corp (NYSE:PVH) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ARMK might be a better candidate to consider a long position in.

Disclosure: None