Retail Stock Shooting Off 2-Year Lows After Earnings Beat

Calvin Klein parent PVH Corp (NYSE:PVH) is up 15.6% to trade at $74.69 at last glance, after the company reported better-than-expected fourth-quarter earnings and revenue. The retail concern also announced another$500 million share buyback plan this year, after completing one in 2024, and issued an upbeat annual forecast. BMO Capital lowered its price target on PVH to $93 from$106 after the event, while TD Cowen lifted its own to $125 from$110. Broader analyst sentiment is split, with seven of 14 firms i ...