Vanguard Discloses 15.9% Stake in PVH Corp. as of Dec 29, 2023

TL;DR

**Vanguard still holds a big chunk of PVH, showing continued confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in PVH Corp. (the company behind brands like Calvin Klein and Tommy Hilfiger). As of December 29, 2023, Vanguard beneficially owned 9,763,337 shares of PVH Corp. Common Stock, representing 15.9% of the company. This matters to investors because Vanguard, as a large institutional holder, has a significant stake, and changes in its position can signal confidence or concern about PVH's future performance.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial ownership in PVH Corp., indicating their continued belief in the company's value. Large institutional holdings can provide a degree of stability and influence on a company's governance.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate new risks or significant changes in ownership that would destabilize the stock.

Analyst Insight

Investors should note Vanguard's continued substantial holding as a sign of institutional confidence, but this routine update doesn't warrant immediate action. It's a data point for long-term holders, confirming a major player's position.

Key Numbers

• 9,763,337 — Shares Beneficially Owned (Represents the total number of PVH Corp. Common Stock shares Vanguard holds.)
• 15.9% — Percentage of Class (Indicates Vanguard's significant ownership stake in PVH Corp.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's reported ownership was established for this filing.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• PVH Corp. (company) — the issuer of the securities
• 9,763,337 (dollar_amount) — number of shares beneficially owned by Vanguard
• 15.9% (dollar_amount) — percentage of PVH Corp. Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant stake in PVH Corp. for the foreseeable future, given its passive investment strategy. (The Vanguard Group) — high confidence, target: 2025-12-31
• PVH Corp.'s stock price will experience minor fluctuations due to this filing, as it's a routine update rather than a new major investment. (PVH Corp.) — medium confidence, target: 2024-03-13

FAQ

Filing Documents

• tv01761-pvhcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021775.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: PVH Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 285 Madison Avenue New York, NY 10017

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 693656100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR