Here’s Why Investors are Concerned About PVH Corp. (PVH)

Investment management company First Pacific Advisors recently released its “Queens Road Small Cap Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund outperformed its benchmark index and returned -11.46% compared to a -15.28% return for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, First Pacific Advisors discussed stocks like PVH Corp. (NYSE:PVH). Headquartered in New York, New York, PVH Corp. (NYSE:PVH) is a worldwide clothing company. On August 26, 2022, PVH Corp. (NYSE:PVH) stock closed at $64.03 per share. One-month return of PVH Corp. (NYSE:PVH) was 2.89%, and its shares lost 39.99% of their value over the last 52 weeks. PVH Corp. (NYSE:PVH) has a market capitalization of $4.287 billion.

Here is what First Pacific Advisors specifically said about PVH Corp. (NYSE:PVH):

“PVH Corp. (NYSE:PVH) owns the Tommy Hilfiger and Calvin Klein brands globally. Approximately two-thirds of profits comes from its International segment, where Tommy in particular has a premium positioning, strong same store sales growth and demonstrated pricing power. Shares are down with other fashion and apparel names as investors worry about inventory levels and economic headwinds for consumer spending.”

PVH Corp. (NYSE:PVH) is not on the list of 30 Most Popular Stocks Among Hedge Funds. PVH Corp. (NYSE:PVH) was held by 33 hedge fund portfolios at the end of the second quarter compared to 37 in the previous quarter.

We discussed PVH Corp. (NYSE:PVH) in another article and shared First Pacific Advisors’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.