Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Sportsman's Warehouse Holdings, Inc. (SPWH) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sportsman's Warehouse Holdings, Inc. (SPWH) - free report >>
Image: Bigstock
What Makes Ascena Retail Group (ASNA) a Strong Sell?
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Ascena Retail Group Inc. , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in ASNA.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 6 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 86 cents a share a month ago to its current level of 62 cents.
Also, for the current quarter, Ascena Retail Group has seen 4 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 20 cents a share from 39 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 37.3% in the past month.
ASCENA RETAIL Price and Consensus
ASCENA RETAIL Price and Consensus | ASCENA RETAIL Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Retail Apparel Shoe industry, you may instead consider a better-ranked stock - Sportsman's Warehouse Holdings, Inc. (SPWH - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>