Should You Consider Adding PVH Corp. (PVH) to Your Portfolio?

Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered an 8.63% return, compared to a 7.56% return for the S&P Index and a 12.42% return for the Russell 1000 Value Index. For 2022, the fund was 23.25% down while, the S&P 500 fell 18.11% and the Russell 1000 Value Index returned -7.54%. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Longleaf Partners Fund highlighted stocks PVH Corp. (NYSE:PVH) in the Q4 2022 investor letter. Headquartered in New York, New York, PVH Corp. (NYSE:PVH) is an apparel company. On February 7, 2023, PVH Corp. (NYSE:PVH) stock closed at $88.89 per share. One-month return of PVH Corp. (NYSE:PVH) was 8.55%, and its shares lost 13.77% of their value over the last 52 weeks. PVH Corp. (NYSE:PVH) has a market capitalization of $5.633 billion.

Longleaf Partners Fund made the following comment about PVH Corp. (NYSE:PVH) in its Q4 2022 investor letter:

“PVH Corp. (NYSE:PVH) – Apparel company PVH, which owns brands Tommy Hilfiger and Calvin Klein, is a new position that has quickly rebounded from 3Q lows after it was kicked out of the S&P 500 in September. The company reported solid revenue growth and increased guidance for the full year. PVH has repurchased shares at a 12% annualized pace, and both the CEO and CFO have bought shares personally in the second half, indicating their confidence in the company.”

PVH Corp. (NYSE:PVH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held PVH Corp. (NYSE:PVH) at the end of the third quarter, which was 33 in the previous quarter.

We discussed PVH Corp. (NYSE:PVH) in another article and shared First Pacific Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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