PVH reported upbeat fourth-quarter results
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.
Gapping higher from yesterday's two-year lows, PVH is breaking above pressure at the 20-day moving average, which had been guiding it lower since January. Year to date, the equity is still down 28.9%.
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 in question carrying a "buy," and seven a "hold."
A bout of short covering could account for some of today's pop, as short interest makes up 5.6% of the stock's available float. It would take shorts nearly three days to cover, at PVH's average pace of trading.
In the options pits, PVH has already seen 11 times the average daily options volume. The January 2026 60-strike put is most active, followed by the April 80 call, with new positions being opened at the latter.
PVH stock has outperformed options traders volatility expectations over the last 12 months, per its Schaeffer's Volatility Scorecard (SVS) of 86 out of 100.