Should You Hold PVH Corp. (PVH)?

Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund returned -5.72% compared to a -4.61 % 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 third-quarter letter, FPA discussed stocks like PVH Corp. (NYSE:PVH). Headquartered in New York, New York, PVH Corp. (NYSE:PVH) is a global apparel company. On October 28, 2022, PVH Corp. (NYSE:PVH) stock closed at $52.33 per share. One-month return of PVH Corp. (NYSE:PVH) was 11.78% and its shares lost 51.97% of their value over the last 52 weeks. PVH Corp. (NYSE:PVH) has a market capitalization of $3.413 billion.

FPA made the following comment about PVH Corp. (NYSE:PVH) in its Q3 2022 investor letter:

PVH Corp. (NYSE:PVH) owns the Tommy Hilfiger and Calvin Klein brands globally. Two-thirds of the profitability comes from the international segment (where Tommy in particular has a premium positioning), strong same store sales growth and demonstrated pricing power. PVH shares are down with other fashion and apparel names as investors worry about consumer health, and its international earnings have been hit by the strong US dollar.”

Apparel, Clothes

lan-deng-quddu_dZKkQ-unsplash

PVH Corp. (NYSE:PVH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held PVH Corp. (NYSE:PVH) at the end of the second quarter, which was 37 in the previous quarter.

We discussed PVH Corp. (NYSE:PVH) in another article and shared the list of best clothing stocks to buy. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

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