5 Best Value Stocks to Buy in 2022 According to Richard Pzena

4. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 38

P/E Ratio as of May 20: 4.88

PVH Corp. (NYSE:PVH) is a New York-based apparel company that operates through six segments – Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail.

Securities filings for Q1 2022 reveal that Richard Pzena’s Pzena Investment Management owned 7.8 million shares of PVH Corp. (NYSE:PVH), worth $600.3 million, representing 2.26% of the total 13F securities. PVH Corp. (NYSE:PVH) was added to Richard Pzena’s portfolio in the first quarter of 2019. 

On April 18, Credit Suisse analyst Michael Binetti raised the price target on PVH Corp. (NYSE:PVH) to $120 from $112 and reiterated an Outperform rating on the shares. The analyst noted that PVH Corp. (NYSE:PVH) hosted its first Analyst Day in a decade, targeting earnings per share ranging between $21 to $23 in 2025.

According to Insider Monkey’s fourth quarter database, 38 hedge funds were bullish on PVH Corp. (NYSE:PVH), holding collective stakes worth over $2 billion. John Armitage’s Egerton Capital Limited held a significant stake in the company, with 1.80 million shares worth $138.6 million.