Fortune Brands (FBHS) Falls: Stock Goes Down 5.4%

Zacks

Fortune Brands Home & Security, Inc. (FBHS) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $45.0 to $47.8 in the past one-month time frame.

The home furnishing company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. There has been 1 downward revision, but the consensus for earnings has moved up over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

FBHS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the home furnishing space include Haverty Furniture Companies Inc. (HVT), Tempur Sealy International Inc. (TPX) and Lumber Liquidators Holdings, Inc. (LL). All these stocks carry a Zacks Rank #2 (Buy).

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FORTUNE BRANDS HOME & SECURITY I (FBHS): Free Stock Analysis Report

HAVERTY FURNITURE COS (HVT): Free Stock Analysis Report

LUMBER LIQUIDATORS HOLDINGS INC (LL): Free Stock Analysis Report

TEMPUR SEALY INTERNATIONAL INC (TPX): Free Stock Analysis Report


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