Kate Spade & Company (KATE) saw a big move last session, as the company’s shares fell more than 25% 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 most recent downtrend for KATE, as the stock is now down nearly 28.5% since July 24.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. 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.
Some better-ranked stocks in the Consumer goods sector include The Buckle, Inc. (BKE), L Brands, Inc. (LB) and Shoe Carnival Inc. (SCVL). All these stocks carry a Zacks Rank #2 (Buy).
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KATE SPADE & CO (KATE): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
L BRANDS INC (LB): Free Stock Analysis Report
SHOE CARNIVAL INC (SCVL): Free Stock Analysis Report
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