This slump shouldn’t be too much of a surprise to investors, as the Apparel company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
KORS currently has a Zacks Rank # 3 (Hold).
Some better-ranked stocks in the Textile industry include Hanesbrands Inc. (HBI), Perry Ellis International Inc. (PERY) and Crocs, Inc. (CROX). While Hanesbrands and Perry Ellis carry a Zacks Rank #1(Strong Buy), Crocs holds a Zacks Rank #2 (Buy).
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