Kate Spade & Company (KATE) was a big mover last session, as the company saw its shares rise nearly 18% 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 $24.64 to $27.44 in the past one-month time frame.
Though the company has seen 2 downward estimate revisions over the past 30 days, the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kate Spade & Company currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked retail stocks include Aeropostale, Inc. (ARO), Citi Trends, Inc. (CTRN) and L Brands, Inc. (LB). All these stocks have a Zacks Rank #2 (Buy).
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