PVH Corp’s recent filing unveils that its EVP, General Counsel & Sec. FISCHER MARK D unloaded Company’s shares for reported $0.43 million on Jan 11 ’24. In the deal valued at $123.00 per share,3,500 shares were sold. As a result of this transaction, FISCHER MARK D now holds 27,903 shares worth roughly $3.03 million.
Then, FULLER JULIE sold 3,650 shares, generating $440,884 in total proceeds. Upon selling the shares at $120.79, the Chief People Officer now owns 16,191 shares.
Before that, HAGMAN MARTIJN sold 18,900 shares. PVH Corp shares valued at $2,186,541 were divested by the CEO TH Global/PVH Europe at a price of $115.69 per share. As a result of the transaction, HAGMAN MARTIJN now holds 49,514 shares, worth roughly $5.38 million.
Telsey Advisory Group reiterated its PVH Corp [PVH] rating to an Outperform in a research note published on April 03, 2024; the price target was $140. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Outperform”‘ rating for it. TD Cowen also remained covering PVH and has increased its forecast on February 16, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Goldman revised its rating on December 12, 2023. It rated PVH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PVH
On Friday, PVH Corp [NYSE:PVH] saw its stock jump 2.13% to $108.66. Over the last five days, the stock has lost -22.72%. PVH Corp shares have fallen nearly -11.02% since the year began. Nevertheless, the stocks have risen 23.80% over the past one year. While a 52-week high of $141.15 was reached on 04/01/24, a 52-week low of $69.27 was recorded on 04/03/24. SMA at 50 days reached $129.28, while 200 days put it at $99.45. A total of 1.6 million shares were traded, compared to the trading of 2.19 million shares in the previous session.
Levels Of Support And Resistance For PVH Stock
The 24-hour chart illustrates a support level at 106.86, which if violated will result in even more drops to 105.05. On the upside, there is a resistance level at 109.63. A further resistance level may holdings at 110.60. The Relative Strength Index (RSI) on the 14-day chart is 29.37, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.18%. Stochastics %K at 5.84% 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 Mar 15, 2024, dropping by -0.48 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.52 million shares. There was a decline of -23.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.94.
The most recent change occurred on December 12, 2023 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $122.
