PVH is down 36% in 2025, and is a downgrade risk going forward
Luxury apparel stock PVH Corp (NYSE:PVH) is down 16.3% to trade at $67.68, heading for its worst single-session decline since April 2024. The parent company of Calvin Klein and Tommy Hilfiger slashed its fiscal second-quarter profit guidance due to higher tariffs a move that is overshadowing better-than-expected earnings and revenue for the first quarter.
Wells Fargo and BMO chimed in with price-target cuts, the former to $84 from $93, and the latter to $80 from $100. Analysts lean bullish on PVH, with nine of the 15 firms in coverage sporting a "buy" or better rating. Plus, the 12-month consensus target price of $98.23 is a 41.2% premium to current levels.
Those upgrades could be on the way, considering PVH carries a steep 36% year-to-date loss, and tumbled more than 44% in the last 12 months. Today's bear gap comes after two failed attempts to conquer $90 in May, an area where its 200-day moving average resides.
Drilling down to today's options activity, 2,132 calls and 1,140 puts have already crossed the tape, or 37 times the volume typically seen at this point. Most popular is the June 80 call, where positions are being opened.