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Luxury Retail Stock Sinks on Dismal Revenue Outlook
PVHPVH(PVH) Schaeffers Investment Research·2025-06-05 14:04

Luxury apparel stock PVH Corp (NYSE:PVH) is down 16.3% to trade at 67.68,headingforitsworstsingle−sessiondeclinesinceApril2024.TheparentcompanyofCalvinKleinandTommyHilfigerslasheditsfiscalsecond−quarterprofitguidancedueto highertariffsamovethatisovershadowingbetter−than−expectedearningsandrevenueforthefirstquarter.WellsFargoandBMOchimedinwithprice−targetcuts,theformerto67.68, 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,andthelatterto93, and the latter to 80 from $100. Analysts lean bullish on PVH, with nine ...