The CEO behind Calvin Klein and Tommy Hilfiger just bought $1 million of $PVH.
Stefan Larsson paid around $70.53 on September 11.
The company is guiding for $11.80–$12.10 in adjusted earnings per share this year.
That puts his purchase at roughly 6x that guidance.
Sales fell last quarter, so there’s work to do. He’s putting money behind the turnaround.