FMR LLC & Abigail Johnson Boost PVH Corp. Stake to 12.863%
Ticker: PVH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 78239
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson now own 12.863% of PVH Corp. common stock.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in PVH Corp. (the company behind Calvin Klein and Tommy Hilfiger). As of February 9, 2024, they collectively beneficially own 7,671,722 shares, representing 12.863% of PVH Corp.'s common stock. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as significant institutional ownership can signal confidence or influence stock stability.
Why It Matters
Increased institutional ownership by a major firm like FMR LLC can be seen as a vote of confidence in PVH Corp., potentially attracting other investors and supporting the stock price.
Risk Assessment
Risk Level: low — This filing indicates a significant, stable institutional ownership, which generally reduces volatility and provides a floor for the stock.
Analyst Insight
A smart investor would view this significant institutional ownership as a positive signal, suggesting confidence in PVH Corp.'s long-term prospects, and might consider further research into PVH Corp.'s fundamentals.
Key Numbers
- 7,671,722 — Shares Beneficially Owned (Represents the total common stock shares of PVH Corp. held by FMR LLC and Abigail P. Johnson as of the filing date.)
- 12.863% — Percent of Class (Indicates the significant portion of PVH Corp.'s common stock controlled by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- PVH CORP. /DE/ (company) — subject company, issuer of common stock
- 7,671,722 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 12.863% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant ownership stake in PVH Corp. (FMR LLC) — high confidence, target: Next 12-24 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of PVH Corp. common stock shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 7,671,722 shares of PVH Corp. common stock, as reported in Item 7 for both entities and Item 4(a) for FMR LLC.
What percentage of PVH Corp.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 12.863% of PVH Corp.'s common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
What is the CUSIP number for PVH Corp. common stock mentioned in the filing?
The CUSIP number for PVH Corp. common stock is 693656100, as stated in the filing under 'Cusip #693656100' and Item 2(e).
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' and Item 3, where FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding PVH CORP. /DE/ (PVH).