PVH (PVH) was Smart Insider's stock pick of the week after Chief Executive Stefan Larsson bought $1 million worth of PVH shares at $63.92 apiece on June 26, raising his stake by 6%.
The purchase represents Larsson's "only" second acquisition, having joined the company in 2019, Smart Insider said in a Tuesday note, adding that his initial purchase in September 2022 at $53.94 per share proved to be "very well-timed."
The CEO has been a "rare" buyer and it is "interesting" to see him making another "meaningful" investment after roughly three years at a 20% higher rate, the note said.
Smart Insider also said PVH director Jesper Andersen purchased about $40,000 of company shares on June 11, marking his first stock buy since joining the company.
Smart Insider ranked the stock +1, or strong positive signal, on July 1.
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