A company insider recently bought 18,540 shares of PVH Corp. [PVH]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PVH Corp. shares valued at $1,000,000 were purchased by Larsson Stefan on Sep 06. At $53.94 per share, Larsson Stefan acquired 18,540 shares. The insider’s holdings grew to 136,541 shares worth approximately $7.17 million following the completion of this transaction.


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Also, Coughlin Zachary purchased 1,857 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $53.85 each, the insider now holds 22,913 shares.

Before that, HAGMAN MARTIJN had added 1,856 shares to its account. In a trade valued at $100,094, the CEO TH Global/PVH Europe bought PVH Corp. shares for $53.93 each. Upon closing the transaction, the insider’s holdings increased to 1,856 shares, worth approximately $2.7 million.

Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of March 31, 2022, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for PVH. Earlier on March 07, 2022, Wedbush downgraded its rating. Their new recommendation was “a Neutral” for PVH stock which previously was a “an Outperform”.

Analyzing PVH’s Price Performance

On Wednesday, PVH Corp. [NYSE: PVH] plunged -2.33% to $52.51. The stock’s lowest price that day was $52.50, but it reached a high of $54.94 in the same session. During the last five days, there has been a drop of approximately -5.35%. Over the course of the year, PVH Corp. shares have dropped approximately -50.76%. Shares of the company reached a 52-week high of $113.78 on 01/05/22 and a 52-week low of $52.50 on 09/21/22. A 50-day SMA is recorded $61.36, while a 200-day SMA reached $77.09. Nevertheless, trading volume fell to 1.02 million shares from 1.59 million shares the previous day.

Support And Resistance Levels for PVH Corp. (PVH)

According to the 24-hour chart, there is a support level at 51.69, which, if violated, would cause prices to drop to 50.88. In the upper region, resistance lies at 54.13. The next price resistance is at 55.76. RSI (Relative Strength Index) is 34.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.22, which suggests the price will decrease in the coming days. Percent R is at 99.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is PVH Corp. subject to short interest?

Stocks of PVH Corp. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.13 million shares to 2.53 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.4 million shares. A jump of 5.14% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.97.

Which companies own the most shares of PVH Corp. (PVH)?

According to Pzena Investment Management LLC filings, the company currently owns 7,939,967 shares, which is about 11.86% of the total PVH shares outstanding. The investor’s shares have appreciated by 103,775 from its previous 13-F filing of 7836192.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $412,969,556. Fidelity Management & Research Co reduced a -55.97% interest valued at $189.4 million while BlackRock Fund Advisors sold a -121,226 stake. A total of 676,861 shares of PVH Corp. were sold by Dimensional Fund Advisors LP during the quarter, and -63,075 were sold by SSgA Funds Management, Inc. In its current portfolio, Southeastern Asset Management, In holds 2,133,209 shares valued at $119.99 million.

In terms of PVH Corp. share price expectations, FactSet research, analysts set an average price target of $72.04 in the next 12 months, up nearly 33.93% from the previous closing price of $53.76. Analysts anticipate PVH Corp. stock to reach $105.00 by 2022, with the lowest price target being $51.00. In spite of this, 21 analysts ranked PVH Corp. stock as an Overweight at the end of 2022. On February 17, 2022, BofA Securities assigned a price target of “a Buy” to the stock and resumed coverage with a $156.

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