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Guess' Inc. (GES - Free Report) 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 GES, as the stock is now down nearly 10% since May 13, 2014.
This slump shouldn’t be too much of a surprise to investors, as the apparel retailer 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.
GES currently has a Zacks Rank #4 (Sell).
Investors interested in the textile-apparel industry may consider better-ranked stocks like Columbia Sportswear Company (COLM - Free Report) , Hanesbrands Inc. (HBI - Free Report) and Michael Kors Holdings Limited (KORS - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).
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