Elizabeth Arden, Inc. (RDEN) saw a big move last session, as the company’s shares fell by 17% 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 RDEN, as the stock is now down almost 25% since Jun 17, 2014.
This slump shouldn’t be too much of a surprise to investors, as the cosmetics company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower 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.
RDEN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Investors interested in the retail sector may consider better-ranked stocks like Coty Inc. (COTY), Citi Trends, Inc. (CTRN) and Build-A-Bear Workshop Inc. (BBW). All these stocks carry a Zacks Rank #1 (Strong Buy).
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ELIZABETH ARDEN INC (RDEN): Free Stock Analysis Report
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