NEW YORK (TheStreet) -- TheStreet's Jim Cramer and Stephanie Link, co-managers of the Action Alerts PLUS portfolio, say Macy's (M) has a solid partnership with PVH (PVH), which has a 50% share of the tie market and 25% share of the shirt market.
Cramer calls PVH a restructuring story and notes the company has done a good job of integrating two of its major brands, Tommy Hilfiger and Calvin Klein.
Link points to increased upside in Europe but notes the PVH stock price does not reflect this. Cramer says PVH and V.F. (VFC) are long-term plays because they are worldwide clothiers. Link notes the stock has run up into the $130 range from the low $120 range. She is holding shares but is not adding to her position because she wants to remain price disciplined.
Separately, TheStreet Ratings team rates PVH CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate PVH CORP (PVH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."