Was Jim Cramer Right About These 13 Stocks?

11. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 28

PVH Corp. (NYSE:PVH) is the parent company of Calvin Klein and Tommy Hilfiger. In that older episode, Cramer noted how the company’s earnings outlook at the time triggered a broader sector selloff:

“PVH gave us a terrific number absolutely, but then it jarred us by talking about a slowdown of some significant proportions […] The report was about weakness in Europe, and we’re not going to extrapolate from Europe to the United States.”

PVH Corp. (NYSE:PVH) has plummeted 38.55% since that episode, confirming Cramer’s concern over its European weakness.

Jim Cramer talked about the company again on the 4^th of February. Here are his thoughts:

“I thought these were funny. PVH what are they, buttons on the shirt [inaudible]?. But David, PVH, um, Tommy Hilfiger, the sweaters. Is it about the sweaters? Is that what it’s come down to?

“Could be whimsical, could be actual, but PVH for many years was the master licensee for men’s apparel. Exclusive relationship with Macy’s, great relationship and very nice business. And perhaps, I know that the relationship ended in 2015 when Trump ran for President the first time. PVH has no other business relationship with the President since then. But that would be, kind of uh, nice way to say hey listen . . we’ll even, we’re gonna slap you on the tie. But, so just keep that in mind.”