American Apparel, Inc. (APP) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for APP, as the stock is now down almost 31% since Jan 7.
This slump shouldn’t be too much of a surprise to investors, as this manufacturer and distributor of apparel products has seen 2 negative revisions in the past few weeks and its current year loss estimate has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
APP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the retail sector include Christopher & Banks Corporation (CBK), Abercrombie & Fitch Co. (ANF) and Finish Line Inc. (FINL). While Christopher & Banks holds a Zacks Rank #1 (Strong Buy), Abercrombie and Finish Line carry a Zacks Rank #2 (Buy).
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AMERICAN APPAREL INC (APP): Free Stock Analysis Report
CHRISTOPHER & BANKS CORP (CBK): Free Stock Analysis Report
ABERCROMBIE & FITCH CO (ANF): Free Stock Analysis Report
FINISH LINE INC CL A (FINL): Free Stock Analysis Report
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