Taking a Closer Look At PVH Corp. (PVH) Following Its Recent Trade


In a filing, PVH Corp. revealed its EVP, General Counsel & Sec. FISCHER MARK D unloaded Company’s shares for reported $0.14 million on Jan 11. In the deal valued at $81.00 per share,1,732 shares were sold. As a result of this transaction, FISCHER MARK D now holds 32,468 shares worth roughly $ 2.58 million.

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Then, HOLMES JAMES sold 4,417 shares, generating $329,852 in total proceeds. Upon selling the shares at $74.68, the EVP & Controller now owns 15,420 shares.

Before that, Larsson Stefan bought 18,540 shares. PVH Corp. shares valued at $1,000,000 were divested by the Chief Executive Officer at a price of $53.94 per share. As a result of the transaction, Larsson Stefan now holds 136,541 shares, worth roughly $10.86 million.

Barclays upgraded its PVH Corp. [PVH] rating to an Overweight from a an Equal weight in a research note published on Friday, January 20, 2023; the price target was increased to $106 from $72. PT values the company’s stock at a premium of 24.98 to its Friday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Telsey Advisory Group maintained its rating on December 02, 2022. It rated PVH as “an Outperform”.

Price Performance Review of PVH

On Friday, PVH Corp. [NYSE:PVH] saw its stock fall -1.11% to $79.52. On the same session, the stock had its day’s lowest price of $78.34, but rose to a high of $80.05. Over the last five days, the stock has lost -3.21%. PVH Corp. shares have risen nearly 12.65% since the year began. Nevertheless, the stocks have fallen -18.39% over the past one year. While a 52-week high of $100.67 was reached on 02/02/23, a 52-week low of $43.49 was recorded on 01/03/23. SMA at 50 days reached $80.40, while 200 days put it at $65.06. A total of 0.6 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For PVH Stock

The 24-hour chart illustrates a support level at 78.56, which if violated will result in even more drops to 77.59. On the upside, there is a resistance level at 80.27. A further resistance level may holdings at 81.01. The Relative Strength Index (RSI) on the 14-day chart is 43.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.69%. Stochastics %K at 12.16% indicates the stock is a buying.

How much short interest is there in PVH Corp.?

A steep rise in short interest was recorded in PVH Corp. stocks on Jan 12, 2023, dropping by -0.23 million shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.16 million shares. There was a decline of -11.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.

PVH Corp. [PVH] – Who Are The Largest Shareholders?

In filings from Pzena Investment Management LLC, it is revealed that the company now owns 7,386,406 shares, or roughly 11.66% of the outstanding PVH shares. In other words, the investor’s shares have risen by 11,620 from its previous 13-F filing of 7374786.0. Additionally, The Vanguard Group, Inc. decreased -0.69% of its stake after which the total value it holdings stand at $566,482,195, while BlackRock Fund Advisors added 66.23% of its stake to hold $471.36 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 16,372 shares of PVH Corp., while Massachusetts Financial Services bought 561,343 shares. At present, SSgA Funds Management, Inc. is holding 1,827,762 shares valued at $164.32 million. Barings owned 1,576,097 shares of the company at the time of its most recent 13F filing, worth $141.69 million.

According to FactSet, PVH Corp.’s share price will average $86.56 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.82 percent from its previous closing price of $80.41. Analysts expect PVH Corp. stock to reach the higher price of $110.00, while the lowest price estimate is $51.00. However, 18 analysts have rated PVH stock as an Overweight in their predictions for 2023.


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