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PVH Corp (PVH) Is Down -11.01% in 2024 With Lots of Room to Run

PVH Corp (NYSE: PVH) is -11.01% lower on its value in year-to-date trading and has touched a low of $69.27 and a high of $141.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PVH stock was last observed hovering at around $139.73 in the last trading session, with the day’s loss setting it -31.05%.

Currently trading at $108.68, the stock is -19.51% and -16.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.73 million and changing -22.22% at the moment leaves the stock 9.81% off its SMA200. PVH registered 26.06% gain for a year compared to 6-month gain of 42.05%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $8.12.

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The stock witnessed a -21.15% loss in the last 1 month and extending the period to 3 months gives it a -11.01%, and is -19.36% 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 2.91% over the week and 2.50% over the month.

PVH Corp (PVH) has around 31000 employees, a market worth around $6.48B and $9.22B in sales. Current P/E ratio is 10.01 and Fwd P/E is 8.38. Profit margin for the company is 7.20%. Distance from 52-week low is 56.89% and -23.00% from its 52-week high. The company has generated returns on investments over the last 12 months (8.52%).

PVH Corp quarterly earnings per share for the current quarter are estimated at $2.59 with sales reaching $2.08B over the same period.The EPS is expected to grow by 8.47% this year, but quarterly earnings will post -1.80% year-over-year. Quarterly sales are estimated to shrink -2.20% in year-over-year returns.

PVH Corp (PVH) Top Institutional Holders

512 institutions hold shares in PVH Corp (PVH), with institutional investors hold 103.38% of the company’s shares. The shares outstanding are 62.71M, and float is at 59.30M with Short Float at 3.44%. Institutions hold 102.73% 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’sEVP, 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).

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