PVH Corp. (NYSE: PVH) stock jumped 1.18% on Thursday to $79.79 against a previous-day closing price of $78.86. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $80.27 whereas the lowest price it dropped to was $78.61. The 52-week range on PVH shows that it touched its highest point at $94.51 and its lowest point at $43.49 during that stretch. It currently has a 1-year price target of $99.25. With its current market cap of 5.00 billion, PVH has annualized dividend of $0.15 while the current yield stands at 0.19%. Beta for the stock currently stands at 2.09.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PVH was up-trending over the past week, with a rise of 0.15%, but this was down by -3.05% over a month. Three-month performance dropped to -5.33% while six-month performance rose 11.92%. The stock gained 39.23% in the past year, while it has gained 13.03% so far this year. A look at the trailing 12-month EPS for PVH yields 2.94 with Next year EPS estimates of 11.41. For the next quarter, that number is 2.73. This implies an EPS growth rate of -77.10% for this year and 10.34% for next year. EPS is expected to grow by 12.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.30%.
Float and Shares Shorts:
At present, 62.10 million PVH shares are outstanding with a float of 60.05 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.73 million, which was 2.86% higher than short shares on Jul 30, 2023. In addition to Mr. Stefan Larsson as the firm’s CEO & Director, Mr. Zachary James Coughlin serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 101.00% of PVH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.24% of PVH, in contrast to 44.20% held by mutual funds. Shares owned by individuals account for 1.17%. As the largest shareholder in PVH with 11.11% of the stake, Pzena Investment Management LLC holds 6,964,608 shares worth 6,964,608. A second-largest stockholder of PVH, The Vanguard Group, Inc., holds 6,401,549 shares, controlling over 10.21% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in PVH, holding 4,952,662 shares or 7.90% stake. With a 3.22% stake in PVH, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 2,016,567 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.15% of PVH stock, is the second-largest Mutual Fund holder. It holds 1,978,255 shares valued at 177.33 million. Vanguard Small Cap Index Fund holds 2.60% of the stake in PVH, owning 1,628,500 shares worth 145.98 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PVH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PVH analysts setting a high price target of $125.00 and a low target of $80.00, the average target price over the next 12 months is $99.25. Based on these targets, PVH could surge 56.66% to reach the target high and rise by 0.26% to reach the target low. Reaching the average price target will result in a growth of 24.39% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PVH stock several times over the past three months with 10 Buys and 4 Sells. In these transactions, 24,748 shares were bought while 9,988 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 146,564 while 61,646 shares were sold.
