SCHEDULE 13G/A: Pzena Investment Management Discloses 11.2% Stake in PVH Corp.

Pzena Investment Management LLC has filed an amended Schedule 13G, reporting beneficial ownership of 11.2% of PVH Corp.'s common stock as of March 31, 2025.

Summary

• Pzena Investment Management LLC, an investment adviser based in New York, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in PVH Corp. /DE/.
• As of March 31, 2025, Pzena Investment Management LLC beneficially owns an aggregate of 6,219,748 shares of PVH Corp. Common Stock.
• This ownership represents 11.2% of the class of PVH Corp. Common Stock.
• Pzena Investment Management LLC holds sole voting power over 5,241,531 shares and sole dispositive power over all 6,219,748 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PVH Corp.
• Clients of Pzena Investment Management LLC have the right to receive dividends and proceeds from the sale of these securities, with no single client holding more than five percent of the class.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory update.

Positives

• The disclosure of a significant 11.2% stake by a reputable investment adviser like Pzena Investment Management LLC may be viewed as a vote of confidence in PVH Corp.'s long-term value proposition.
• The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive, investment-oriented holding.

Industry Context

This filing is a standard regulatory disclosure for institutional investors acquiring significant passive stakes (5% or more) in publicly traded companies. It reflects Pzena Investment Management's investment strategy in the apparel and fashion industry, where PVH Corp. operates with brands like Tommy Hilfiger and Calvin Klein. Such disclosures provide transparency regarding major institutional holdings within the market.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a prominent investment firm like Pzena Investment Management LLC can signal institutional confidence in PVH Corp., potentially influencing investor sentiment and trading activity.

Next Steps

• Pzena Investment Management LLC will be required to file further amendments to this Schedule 13G if there are material changes to its beneficial ownership of PVH Corp. shares.

Key Dates

Keywords

PVH Corp, Pzena Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Investment Adviser