Multimillion Dollar Insider Sells Reported in Tiffany's, PVH and Pioneer Resources

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Jun 20, 2013
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Several large insider sells have been made this week. And even more specifically, several large insider sells coming from guru favorites. The following three companies reported insider sells coming from their corporate executives with transaction amounts valued at $2 million. These three companies also sit in at least 10 different gurus' portfolios.




Pioneer Natural Resources Company (PXD)


Chairman and CEO Scott Sheffield made a large insider sell on June 18 as the stock price continues to break past its previous 10-year high.


Sheffield sold a total of 44,000 shares at an average price of $153.77 per share. This transaction brought in $6,765,880 for the CEO. Sheffield now owns at least 724,240 shares. The price of the stock has decreased by 4.08% since his sell.




About Pioneer


Pioneer Natural Resources is a large independent oil and natural gas company that focuses on energy production. The company is active in production and reserve growth through onshore exploration and production in the U.S.


Financials


Pioneer Natural Resources Company has a market cap of $20.35 billion; its shares were traded at around $147.50 with a P/E ratio of 535.40 and a P/S ratio of 5.80. The company had an annual average earnings growth of 2% over the past 10 years. GuruFocus rated Pioneer the business predictability rank of 3-star.


The company is set to release its second quarter financial statement on July 31.


Pioneer’s historical price, revenue and net income:


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The analysis on PXD reports:


· The revenue has been in decline over the past year.

· The P/E ratio is at a 10-year high.

· The company has issued $291.288 million of debt in the past three years.

· The P/S ratio is at a 10-year high.


The Peter Lynch Valuation Chart shows that the company appears to be overvalued:


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There are currently 10 gurusthat maintain holdings in Pioneer. Click here to see their holding histories.


PVH Corp. (PVH)


This week the CEO as well as the COO of Tommy Hilfiger made two significant sells of their PVH stock. Also this week, the CEO of Wholesale Apparel also made a large sell of PVH stock.


CEO of Tommy Hilfiger Fred Gehring sold a total of 40,902 shares at an average price of $125.13 per share. This raked in $5,118,067 for the CEO. Fred Gehring still owns 190,486 shares after this sell. The price of the stock has decreased by 2.83% since.


COO of Tommy Hilfiger Ludovicus Onnink sold a smaller 8,242 shares of PVH stock at the average price of $125.05 per share. This brought in $1,030,662 for the COO. Onnink still owns at least 43,054 shares. Since his sell, the price per share has decreased approximately 2.77%.


CEO of Wholesale Apparel Francis Duane sold 35,875 shares at an average price of $121.77. This brought in a total of $4,368,499 for the CEO. After this sell, Duane still holds on to 27,009 shares. The price of PVH has decreased 0.15% since this sell.




About PVH


PVH is one of the largest global apparel companies. The company’s portfolio of brands includes Tommy Hilfiger and Calvin Klein as well as Heritage Brands which covers Van Heusen, IZOD and ARROW. The Company markets its brands globally at multiple price points and across multiple channels of distribution, allowing it to provide products to a broad range of consumers, while minimizing competition among its brands and reducing its reliance on any one demographic group, merchandise preference, distribution channel or geographic region.


PVH Financials


PVH has a market cap of $9.94 billion; its shares were traded at around $121.59 with a P/E ratio of 30.50 and a P/S ratio of 1.40. PVH had an annual average earnings growth of 9.9% over the past 10 years.


PVH reported its first quarter results which highlighted:


· First quarter Non-GAAP EPS of $1.91.

· GAAP loss per share was $0.25 compared to the prior year’s first quarter earnings of $1.33.

· The company reiterated its Non-GAAP EPS guidance of $7.00

· Calvin Klein revenue increased to $638 million, up from $262 million in the first quarter 2012.

· Tommy Hilfiger revenue increased 5% to $811 million from $770 million in the prior year’s first quarter.


PVH’s historical price, revenue and net income:


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The Peter Lynch Valuation Chart shows that the company appears to be overvalued:


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The analysis on PVH reports:


· The revenue has slowed down in the past year.

· The dividend yield is at a 10-year low.

· The price is close to its 10-year high of $123.28.

· The P/S ratio is nearing its 5-year high of 1.51.


There are currently 13 gurus that hold stake in PVH. Click here to see their holding histories.


Tiffany & Co. (TIF)


Tiffany’s reported the largest insider sell of the week, with the total transaction amount equaling over $11 million.


Chairman and CEO Michael Kowalski sold a total of 155,000 shares at an average price of $76.54 per share. This brought in a grand total of $11,863,700 for the CEO. Despite the large sell, Kowalski still holds on to over 234,000 shares of Tiffany & Co. Since his sell, the price per share has dropped 5%.




About Tiffany & Co.


Tiffany & Co. is a holding company that operates through its subsidiary companies. The company’s principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer, whose merchandise offerings include an extensive selection of jewelry, as well as watches, sterling silverware, china, crystal, stationery and fragrances.


The company recently announced that they would be continuing their global expansion by opening a store in Moscow.


Tiffany & Co. Financials


Tiffany & Co. has a market cap of $9.39 billion; its shares were traded at around $72.11 with a P/E ratio of 22.10 and a P/S ratio of 2.40. The dividend yield of Tiffany stocks is 1.80%. The company had an annual average earnings growth of 10.6% over the past ten years. GuruFocus rated Tiffany & Co. the business predictability rank of 4.5-star.


The company recently released their first quarter financials which reported:


· Worldwide net sales up 9% to $895 million.

· Net earnings rose 3% to $84 million, or $0.65 per share, versus the prior year’s $82 million, or $0.64 per share.

· FCF as of April 30 was $465 million.


The company also released their outlook for fiscal 2013 which reports:


For the fiscal year ending January 31, 2014, management forecasts net earnings in a range of $3.43-$3.53 per diluted share, unchanged from its previously- published outlook and versus $3.25 per diluted share in 2012.


Tiffany & Co.’s historical price, revenue and net income:


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According to the Peter Lynch Valuation Chart, Tiffany appears to be overvalued:


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The analysis on Tiffany & Co. reports:


· Tiffany has shown predictable revenue and earnings growth.

· The operating margin is expanding.

· The company has issued $208.964 million of debt in the last 3 years.

· The P/S ratio is close to a 1-year high of 2.62.


There are currently 12 gurus that hold stake in Tiffany & Co. Click here to see their holding histories.


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