SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain Significant Passive Stake in PVH Corp.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a 9.0% passive beneficial ownership stake in PVH Corp. as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson are the reporting persons in this Amendment No. 11 to Schedule 13G.
• As of March 31, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 4,982,497.29 shares of PVH CORP common stock.
• This ownership represents 9.0% of the total outstanding common stock of PVH CORP.
• The shares are held for investment purposes in the ordinary course of business and not with the intent to change or influence the control of PVH CORP.
• FMR LLC is identified as a parent holding company or control person, and Abigail P. Johnson is identified as an individual.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are listed as entities that beneficially own shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing (Schedule 13G) indicating a significant, passive ownership stake by a major institutional investor. It suggests continued confidence in the issuer without implying any active management influence or significant new developments, thus leaning slightly positive due to the sustained institutional holding.

Positives

• The continued holding of a significant 9.0% stake by a major institutional investor like FMR LLC and its affiliates may be viewed as a vote of confidence in PVH Corp.'s long-term prospects.
• The filing confirms the passive nature of the investment, indicating that the investor is not seeking to influence or change the control of the issuer, which can provide stability.

Future Outlook

The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of PVH Corp. This indicates a continued passive investment strategy by FMR LLC and Abigail P. Johnson.

Management Comments

• Stephanie J. Brown, Duly authorized under Power of Attorney, certified on behalf of FMR LLC and Abigail P. Johnson that the information set forth in the statement is true, complete, and correct to the best of her knowledge and belief.

Industry Context

This filing reflects a major institutional investor's continued significant stake in PVH Corp., a global apparel company. While the filing itself does not provide specific industry trends, it indicates ongoing institutional confidence in the company within the broader fashion and retail sector.

Related Party Transactions

• Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC.
• Members of the Johnson family, including Abigail P. Johnson, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC.
• The Johnson family group and other Series B shareholders have a voting agreement to vote Series B shares in accordance with the majority vote, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive investment, which can offer a degree of stability and confidence.
• Management: Confirms that a major investor is not seeking to influence control, allowing management to focus on existing strategic plans without immediate pressure from this specific shareholder.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to file amendments to Schedule 13G if there are material changes (e.g., a change of 1% or more) in their beneficial ownership of PVH Corp. common stock.

Key Dates

Keywords

PVH CORP, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment, apparel industry, fashion retail