The Men's Wearhouse, Inc. (MW) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MW as the stock is now down nearly 13% in the past one-month time frame.
The apparel and shoe retailer has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decrease), 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.
MW currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the same sector include Christopher & Banks Corporation (CBK), Finish Line Inc. (FINL) and Foot Locker, Inc. (FL). While Christopher & Banks holds a Zacks Rank #1 (Strong Buy), Finish Line and Foot Locker hold a Zacks Rank #2 (Buy).
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