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Brown Shoe (BWS) in Focus: Stock Falls 6.4%

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Brown Shoe Co. Inc. saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for BWS as the stock is now up around 3% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors. Though the footwear company hasn’t seen any negative revisions in the past few weeks, 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.
BWS currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Skechers USA Inc. (SKX - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy).
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