Brown Shoe Co. Inc. (BWS) was a big mover last session, as the company saw its shares rise nearly 10% 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 $26.59 to $28.70 in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting 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.
Brown Shoe currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Other players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. (SKX), Deckers Outdoor Corp. (DECK) and Iconix Brand Group, Inc. (ICON). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe.
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