PVH Corp (NYSE: PVH) is 7.50% higher on its value in year-to-date trading and has touched a low of $69.27 and a high of $139.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PVH stock was last observed hovering at around $132.00 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $131.28, the stock is -2.02% and 3.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -0.55% at the moment leaves the stock 36.98% off its SMA200. PVH registered 77.65% gain for a year compared to 6-month gain of 66.47%. The firm has a 50-day simple moving average (SMA 50) of $1.21 and a 200-day simple moving average (SMA200) of $9.45.
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The stock witnessed a 3.13% loss in the last 1 month and extending the period to 3 months gives it a 17.98%, and is -3.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.37% over the week and 2.25% over the month.
PVH Corp (PVH) has around 31000 employees, a market worth around $7.83B and $9.22B in sales. Current P/E ratio is 15.48 and Fwd P/E is 10.91. Profit margin for the company is 5.76%. Distance from 52-week low is 89.52% and -5.95% from its 52-week high. The company has generated returns on investments over the last 12 months (6.88%).
PVH Corp quarterly earnings per share for the current quarter are estimated at $3.52 with sales reaching $2.42B over the same period.The EPS is expected to grow by 16.81% this year, but quarterly earnings will post 1.30% year-over-year. Quarterly sales are estimated to shrink -2.90% in year-over-year returns.
511 institutions hold shares in PVH Corp (PVH), with institutional investors hold 103.36% of the company’s shares. The shares outstanding are 62.71M, and float is at 59.30M with Short Float at 3.87%. Institutions hold 102.71% of the Float.
The top institutional shareholder in the company is Pzena Investment Management Llc with over 6.96 million shares valued at $591.78 million. The investor’s holdings represent 11.53% of the PVH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.5 million shares valued at $552.0 million to account for 10.75% of the shares outstanding. The other top investors are FMR, LLC which holds 6.21 million shares representing 10.28% and valued at over $527.71 million, while Blackrock Inc. holds 9.41% of the shares totaling 5.68 million with a market value of $483.01 million.
PVH Corp (PVH) Insider Activity
The most recent transaction is an insider sale by FISCHER MARK D, the company’s EVP, General Counsel & Sec. SEC filings show that FISCHER MARK D sold 3,500 shares of the company’s common stock on Jan 11 ’24 at a price of $123.00 per share for a total of $0.43 million. Following the sale, the insider now owns 27903.0 shares.
PVH Corp disclosed in a document filed with the SEC on Dec 21 ’23 that FULLER JULIE (Chief People Officer) sold a total of 3,650 shares of the company’s common stock. The trade occurred on Dec 21 ’23 and was made at $120.79 per share for $0.44 million. Following the transaction, the insider now directly holds 16191.0 shares of the PVH stock.
Still, SEC filings show that on Dec 14 ’23, HAGMAN MARTIJN (CEO TH Global/PVH Europe) disposed off 18,900 shares at an average price of $115.69 for $2.19 million. The insider now directly holds 49,514 shares of PVH Corp (PVH).
