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What Do Hedge Funds Think of PVH Corp (PVH)?

As one would reasonably expect, some big names have jumped into PVH Corp (NYSE:PVH) headfirst. Capital Growth Management, managed by Ken Heebner, established the largest position in PVH Corp (NYSE:PVH). Capital Growth Management had $77 million invested in the company at the end of the quarter. David Keidan’s Buckingham Capital Management also initiated an $32.5 million position during the quarter. The other funds with brand new PVH positions are Matthew Tewksbury’s Stevens Capital Management, David Harding’s Winton Capital Management, and Eric Bannasch’s Cadian Capital.

Let’s now review hedge fund activity in other stocks similar to PVH Corp (NYSE:PVH). We will take a look at L-3 Communications Holdings, Inc. (NYSE:LLL), Total System Services, Inc. (NYSE:TSS), Lear Corporation (NYSE:LEA), and International Flavors & Fragrances Inc (NYSE:IFF). This group of stocks’ market values resemble PVH’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LLL 18 227149 -4
TSS 25 217924 7
LEA 38 872133 3
IFF 18 222142 -3

As you can see these stocks had an average of 24.75 hedge funds with bullish positions and the average amount invested in these stocks was $385 million. That figure was $1247 million in PVH’s case. Lear Corporation (NYSE:LEA) is the most popular stock in this table. On the other hand L-3 Communications Holdings, Inc. (NYSE:LLL) is the least popular one with only 18 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 LEA might be a better candidate to consider a long position.

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