Raymond James & Associates Decreased Its Plantronics New (PLT) Position; Pvh (PVH) Shorts Lowered By 5.27%

September 17, 2017 - By Winifred Garcia

Raymond James & Associates decreased Plantronics Inc New (PLT) stake by 31.07% reported in 2016Q4 SEC filing. Raymond James & Associates sold 6,811 shares as Plantronics Inc New (PLT)’s stock declined 3.52%. The Raymond James & Associates holds 15,109 shares with $827,000 value, down from 21,920 last quarter. Plantronics Inc New now has $1.45B valuation. The stock increased 1.19% or $0.51 on September 15, reaching $43.27. About 309,231 shares traded or 91.05% up from the average. Plantronics Inc (NYSE:PLT) has risen 26.11% since September 17, 2016 and is uptrending. It has outperformed by 9.41% the S&P500.

Pvh Corporation (NYSE:PVH) had a decrease of 5.27% in short interest. PVH’s SI was 1.06M shares in September as released by FINRA. Its down 5.27% from 1.12M shares previously. With 1.26M avg volume, 1 days are for Pvh Corporation (NYSE:PVH)’s short sellers to cover PVH’s short positions. The stock increased 1.32% or $1.67 on September 15, reaching $128.1. About 1.19M shares traded or 22.54% up from the average. PVH Corp (NYSE:PVH) has risen 16.19% since September 17, 2016 and is uptrending. It has underperformed by 0.51% the S&P500.

Since March 24, 2017, it had 0 buys, and 6 sales for $3.23 million activity. SHIFFMAN STEVEN B also sold $232,812 worth of PVH Corp (NYSE:PVH) shares. Another trade for 1,000 shares valued at $101,721 was made by FISCHER MARK D on Friday, March 24. The insider GRIEDER DANIEL sold $1.93 million. Another trade for 5,636 shares valued at $591,780 was sold by KOZEL DAVID F. DUANE FRANCIS K sold 2,497 shares worth $264,664.

Among 19 analysts covering PVH Corp (NYSE:PVH), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. PVH Corp had 67 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating by Buckingham Research given on Friday, May 27. The rating was upgraded by Citigroup on Friday, March 24 to “Buy”. Deutsche Bank maintained PVH Corp (NYSE:PVH) on Friday, August 26 with “Buy” rating. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, December 3 report. The company was maintained on Friday, August 25 by Credit Suisse. Buckingham Research reinitiated PVH Corp (NYSE:PVH) on Monday, July 17 with “Buy” rating. Telsey Advisory Group maintained the shares of PVH in report on Wednesday, November 25 with “Outperform” rating. Piper Jaffray maintained PVH Corp (NYSE:PVH) on Wednesday, August 19 with “Buy” rating. The stock of PVH Corp (NYSE:PVH) earned “Buy” rating by Brean Capital on Tuesday, November 24. Deutsche Bank maintained it with “Buy” rating and $106 target in Friday, December 4 report.

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.12, from 0.95 in 2016Q3. It dropped, as 47 investors sold PVH Corp shares while 152 reduced holdings. 69 funds opened positions while 140 raised stakes. 74.45 million shares or 0.29% less from 74.67 million shares in 2016Q3 were reported. Cornerstone Cap Management Limited Co stated it has 126,661 shares or 0.09% of all its holdings. Twin Cap Management reported 27,222 shares. Neuberger Berman Gru Ltd Limited Liability Company owns 832,114 shares. Goldman Sachs Group Inc Incorporated reported 0.05% stake. Shellback Limited Partnership reported 299,700 shares. Ahl Prtn Llp accumulated 17,387 shares. Plante Moran Fincl Advsr Limited Co accumulated 0.01% or 180 shares. Art Advisors Lc holds 0.19% or 36,000 shares. Global X Mngmt Ltd Llc accumulated 6,120 shares. Mitsubishi Ufj Trust & Bk Corporation stated it has 166,866 shares. Natixis invested in 0.13% or 144,489 shares. Gargoyle Inv Advisor Lc invested in 6,598 shares or 0.23% of the stock. Point72 Asia (Hong Kong) Limited reported 0.14% in PVH Corp (NYSE:PVH). Quantres Asset Mngmt Limited has invested 0.32% in PVH Corp (NYSE:PVH). Everett Harris And Company Ca accumulated 0.01% or 3,900 shares.

PVH Corp. is an apparel company. The Company operates through three divisions: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International divisions; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International divisions, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail divisions. The company has market cap of $9.92 billion. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands. It has a 24.47 P/E ratio.

Among 5 analysts covering Plantronics (NYSE:PLT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Plantronics had 12 analyst reports since January 15, 2016 according to SRatingsIntel. On Wednesday, May 4 the stock rating was upgraded by Raymond James to “Market Perform”. The stock of Plantronics Inc (NYSE:PLT) has “Overweight” rating given on Thursday, June 1 by JP Morgan. As per Thursday, June 1, the company rating was upgraded by J.P. Morgan. The company was maintained on Monday, September 11 by Northland Capital. The firm has “Overweight” rating by JP Morgan given on Monday, January 18. The rating was upgraded by JP Morgan on Friday, January 15 to “Overweight”. JP Morgan downgraded Plantronics Inc (NYSE:PLT) on Wednesday, November 2 to “Neutral” rating. The rating was maintained by Northland Capital on Monday, July 24 with “Buy”. The company was downgraded on Friday, July 28 by JP Morgan. The company was downgraded on Friday, July 28 by J.P. Morgan.

Investors sentiment increased to 1.37 in Q4 2016. Its up 0.13, from 1.24 in 2016Q3. It increased, as 10 investors sold PLT shares while 69 reduced holdings. 24 funds opened positions while 69 raised stakes. 29.90 million shares or 1.08% more from 29.58 million shares in 2016Q3 were reported. First Quadrant LP Ca has 0.06% invested in Plantronics Inc (NYSE:PLT) for 53,100 shares. Ubs Asset Americas Inc holds 11,202 shares. Piermont Cap Mgmt accumulated 0.26% or 20,560 shares. Ameritas Partners Incorporated owns 13,033 shares for 0.04% of their portfolio. Paloma Ptnrs Mngmt Company invested 0.01% of its portfolio in Plantronics Inc (NYSE:PLT). New York State Common Retirement Fund invested in 0% or 39,200 shares. Price T Rowe Assoc Md holds 357,760 shares. Disciplined Growth Invsts Inc Mn has invested 2.51% in Plantronics Inc (NYSE:PLT). Acadian Asset Ltd Liability Co holds 589 shares or 0% of its portfolio. Sg Americas Ltd Liability Corporation owns 3,215 shares. Landscape Capital Management Limited Liability Corporation stated it has 0.06% of its portfolio in Plantronics Inc (NYSE:PLT). Louisiana State Employees Retirement Sys reported 8,200 shares or 0.02% of all its holdings. Riverhead Ltd Liability stated it has 0% in Plantronics Inc (NYSE:PLT). Aqr Cap Mgmt Ltd Com reported 257,656 shares or 0.02% of all its holdings. Credit Agricole S A holds 0% in Plantronics Inc (NYSE:PLT) or 4,500 shares.

Analysts await Plantronics Inc (NYSE:PLT) to report earnings on November, 7. They expect $0.50 earnings per share, down 24.24% or $0.16 from last year’s $0.66 per share. PLT’s profit will be $16.76M for 21.64 P/E if the $0.50 EPS becomes a reality. After $0.52 actual earnings per share reported by Plantronics Inc for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

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