Zumiez Inc. (ZUMZ) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $37.27 to $39.96 in the past one-month time frame.
Zumiez has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (2 increases, 3 decreases), and 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.
ZUMZ currently has a Zacks Rank #3 (Hold).
Investors interested in the retail apparel/shoe industry may consider better-ranked stock like Citi Trends, Inc. (CTRN), which carries a Zacks Rank #1 (Strong Buy).
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Zumiez (ZUMZ) Falls: Stock Goes Down 6.8% - Tale of the Tape
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