Chico's FAS Inc. (CHS) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid 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 above the volatile price range of $15.14 to $16.18 since May 15.
This apparel and shoe retailer witnessed 13 downward 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.
Chico's FAS carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same industry include Citi Trends, Inc. (CTRN), Foot Locker, Inc. (FL) and The Men's Wearhouse, Inc. (MW). While Citi Trends sports a Zacks Rank #1 (Strong Buy), Foot Locker and The Men's Wearhouse hold a Zacks Rank #2 (Buy).
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