Caleres, Inc. (NYSE:) was a big mover last session, as the company saw its shares rise over 9% 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 for the company—as the stock is now down 5.8% in the past one month.
The move came after the company reported better-than-expected first-quarter 2017 results.
The company has seen two negative estimate revisions in the past thirty days, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Caleres currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Caleres, Inc. Price and Consensus
Caleres, Inc. Price and Consensus | Caleres, Inc. Quote
A better-ranked stock in the Shoes and Retail Apparel industry is Adidas (DE:) AG (OTC:) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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