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DSW Inc. DSW saw a big move in the last trading session, as the company's shares fell by over 27% 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 DSW, as the stock is down nearly 32% since May 12.
The retail company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increase, 1 decrease), and the consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
DSW currently holds a Zacks Rank #4 (Sell).
Investors interested in the Retail-App/Shoe industry may consider better-ranked stocks like American Apparel, Inc. APP, Foot Locker, Inc. FL and Genesco Inc. GCO, each of which holds a Zacks Rank #2 (Buy).
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