The President & CEO, Calvin Klein of PVH is Exercising Options

By Carrie Williams

Yesterday, the President & CEO, Calvin Klein of PVH, Steven Shiffman, exercised options of PVH for $422.8K.

Following Steven Shiffman’s last PVH Sell transaction on June 16, 2017, the stock climbed by 32.1%. In addition to Steven Shiffman, 5 other PVH executives reported Sell trades in the last month.

Based on PVH’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $2.36 billion and quarterly net profit of $239 million. In comparison, last year the company earned revenue of $2.24 billion and had a net profit of $126 million. The company has a one-year high of $139.52 and a one-year low of $84.53. PVH’s market cap is $10.58B and the company has a P/E ratio of 20.42.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $152.5, reflecting a -10.0% downside.

The insider sentiment on PVH has been negative according to 65 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. The Calvin Klein North America and Calvin Klein International segments operates in North America; and Europe, Asia, and Brazil respectively. It sells its products under the brand names CALVIN KLEIN 205 W39 NYC, CK Calvin Klein, and CALVIN KLEIN. The Tommy Hilfiger North America and Tommy Hilfiger International segments wholesales in North America; and Europe and China respectively. It consists of Tommy Hilfiger, Hilfiger Denim, Hilfiger Collection, and Tommy Hilfiger Tailored brands. The Heritage Brands Wholesale segment markets its products to department, chain, and specialty stores, digital commerce sites operated by select wholesale partners and pure play digital commerce retailers in North America. The Heritage Brands Retail segment manages retail stores, primarily located in outlet centers throughout the United States and Canada. The company was founded in 1881 and is headquartered in New York, NY.