Zale Corporation (ZLC) was a big mover last session with its shares rising nearly 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now down nearly 10% in the past one-month time frame.
This jewelry retailer has seen a mixed track record when it comes to estimate revisions of one increase and one decrease in the last 30 days. On the other hand, the Zacks Consensus Estimate moved north over the same period. This implies more solid trading ahead for Zale Corp. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.
Zale Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the broader retail sector include Conns Inc. (CONN), J. Sainsbury plc (JSAIY) and Kirkland’s Inc. (KIRK). All these stocks carry a Zacks Rank #1 (Strong Buy).
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ZALE CORP (ZLC): Free Stock Analysis Report
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