Calvin Klein Parent PVH Slips on Outlook

Group 1 - PVH Corp reported strong second-quarter earnings of $3.01 per share, exceeding analyst estimates of$2.28, with revenue of $2.07 billion slightly beating expectations, but disappointing guidance for the third quarter and full year due to declining international sales [1] - Analysts have lowered their price targets for PVH, with Wells Fargo reducing it to$130 and Evercore ISI to $125, both down from$145, while the 12-month consensus price target remains at $133.64, indicating a premium over current levels [2] - Following the earnings report, PVH stock experienced a decline of 6.9$97.29, marking its largest daily percentage drop since April, and is down 20.6% year to date [3] Group 2 - The options market for PVH has seen double the average daily options volume, with the September 100 call being the most popular contract, followed by the 100 put, both of which are top open interest positions [3]