Kate Spade & Company (NYSE:KATE) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 13.8% in the past one-month time frame.
This retailer witnessed eight negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Kate Spade & Company has a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Christopher & Banks Corporation (NYSE:CBK) , sporting a Zacks Rank #1 (Strong Buy).
KATE SPADE&CO (KATE): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
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