WEEKLY CFO SELLS HIGHLIGHT: PCS, PIR, EXPR, PVH

Author's Avatar
Apr 18, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week are: METROPCS COMMUNICATIONS INC., PIER 1 IMPORTS INC., EXPRESS INC., and PHILLIPS VAN HEUSEN CORP.


METROPCS COMMUNICATIONS INC. (PCS, Financial): Executive VP and CFO J Braxton Carter Ii Sold 129,963 Shares

Executive VP and CFO of METROPCS COMMUNICATIONS INC. (PCS) J Braxton Carter Ii sold 129,963 shares on 04/11/2011 at an average price of $16.88. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $5.88 billion; its shares were traded at around $16.5 with a P/E ratio of 23.57 and P/S ratio of 1.45. Metropcs Communications Inc. had an annual average earnings growth of 10.4% over the past 5 years.


Sell: Executive VP and CFO J Braxton Carter Ii sold 129,963 shares of PCS stock on 04/11/2011 at the average price of 16.88. J Braxton Carter Ii owns at least 249,526 shares after this. The price of the stock has decreased by 2.25% since. Associates Inc Ta sold a total of 791,720 shares of PCS stock throughout the past week.


PIER 1 IMPORTS INC. (PIR, Financial): Executive Vice President/CFO Charles H Turner Sold 75,000 Shares

Executive Vice President/CFO of PIER 1 IMPORTS INC. (PIR) Charles H Turner sold 75,000 shares on 04/11/2011 at an average price of $11.51. Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names `Pier 1 Imports` and `The Pier,` selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Pier 1 Imports Inc. has a market cap of $1.39 billion; its shares were traded at around $11.82 with a P/E ratio of 13.91 and P/S ratio of 0.99.


PIER 1 IMPORTS INC. recently released its fourth quarter 2011 results. During this quarter, the company reported net income of $57.1 million compared to $34.5 million prior year quarter. Comparable sales increased 8.9% during the fourth quarter compared to an increase of 6.5% prior year quarter. Gross profit was $182.5 million compared to $154.2 million prior year quarter.


Sell: Executive Vice President/CFO Charles H Turner sold 75,000 shares of PIR stock on 04/11/2011 at the average price of 11.51. Charles H Turner owns at least 263,307 shares after this. The price of the stock has increased by 2.69% since.


EXPRESS INC. (EXPR, Financial): EVP,CAO,CFO, Treasurer & Sec. Matthew C Moellering Sold 70,000 Shares

EVP,CAO,CFO, Treasurer & Sec. of EXPRESS INC. (EXPR) Matthew C Moellering sold 70,000 shares on 04/12/2011 at an average price of $18.1. Express, Inc. is a specialty retailer of women's and men's apparel in the United States. Express Inc. has a market cap of $1.85 billion; its shares were traded at around $20.88 with a P/E ratio of 15.82 and P/S ratio of 0.97.


EXPRESS INC. has released its fourth quarter 2010 results. For this quarter, the company reported comparable sales increase of 12% and a net sales increase of 14% to $621.5 million compared to $546.8 million prior year quarter. Net income during the fourth quarter 2010 was $48.4 million compared to $46 million prior year quarter.


Sell: President & CEO Michael A Weiss sold 293,705 shares of EXPR stock on 04/12/2011 at the average price of 18.1. EVP, CAO, CFO, Treasurer & Sec. Matthew C Moellering sold 70,000 shares of EXPR stock on 04/12/2011 at the average price of 18.1. 10% Owner Retail Holdings Multi-channel , Director, 10% Owner David Dominik and 10% Owner Brands Inc Limited all also sold shares of 04/12/2011.


PHILLIPS VAN HEUSEN CORP. (PVH, Financial): Executive VP and CFO Michael A Shaffer Sold 60,000 Shares

Executive VP and CFO of PHILLIPS VAN HEUSEN CORP. (PVH) Michael A Shaffer sold 60,000 shares on 04/07/2011 at an average price of $65.49. PHILLIPS-VAN HEUSEN CORP. is a vertically integrated manufacturer, marketer and retailer of men's, women's and children's apparel and footwear. Phillips Van Heusen Corp. has a market cap of $4.45 billion; its shares were traded at around $66.4 with a P/E ratio of 16.48 and P/S ratio of 1.06. The dividend yield of Phillips Van Heusen Corp. stocks is 0.23%. Phillips Van Heusen Corp. had an annual average earnings growth of 9.3% over the past 10 years.


For its fourth quarter 2010, PHILLIPS VAN HEUSEN CORP. reported net income of $52.2 million compared to $27.0 million prior year quarter (GAAP). Net sales for this quarter were $1.39 billion, compared to $0.61 billion prior year quarter.


Sell: President & CEO, Calvin Klein Paul Thomas Murry sold 26,675 shares of PVH stock throughout the past week. Executive VP and CFO Michael A Shaffer sold 60,000 shares of PVH stock on 04/07/2011 at the average price of 65.49. Michael A Shaffer owns at least 39,194 shares after this. The price of the stock has increased by 1.39% since. President & COO Allen E Sirkin and Vice Chairman, Wholesale Francis K Duane also sold shares of PVH stock.


For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.