Why PVH Stock Was Tumbling This Week

Several analysts quickly cut their price targets on the company following earnings.Since stocks overwhelmingly trade more on potential than trailing performance, shares of PVH (PVH 0.85%) were tumbling over the past few days. The company notched beats with its fourth-quarter figures but whiffed on bottom-line guidance.This was followed by a wave of analyst price-target cuts. As a result, the stock's price was down by nearly 24% week to date, as of Thursday night, according to data compiled by S&P Global Mar ...