Here’s Why RS Mid Cap Value Strategy Decided to Increase its Holdings in PVH Corp. (PVH)

RS Investments, an investment management company, released its “RS Mid Cap Value Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the third quarter, the rally of the year persisted, with the broad market, indicated by the S&P 500® Index, posting nearly a 6% return. This brings the total return to over 22% for the first three quarters of the year. In the third quarter, the strategy underperformed its benchmark Russell Midcap® Value Index (the “Index”) and returned 8.9% net versus a return of 10.1% for the Index. Strong performance...