Charming Shoppes (CHRS) - Zacks #1 Rank Top Performers

By Zacks.com,  April 04, 2012, 01:00:01 AM EDT

It was a very tough day for the market, but specialty apparel retailer Charming Shoppes, Inc. ( CHRS ) was able to put together a respectable gain. As a result, it was the top-performing Zacks #1 Rank (Strong Buy) on Wednesday.

Shares were up 2.69% today, while the Dow, NASDAQ and S&P each declined by about a percentage point or more. Volume was north of 2.7 million shares, compared to the daily average of around 1.8 million.

The Zacks Consensus Estimate for the fiscal year ending January 2013 has improved by more than 13.6% in the past seven trading days. There has so far been no movement for the fiscal year ending January 2014, but the Zacks Consensus Estimate of 38 cents suggests the possibility for year-over-year profit growth of more than 50%.

Last month, the company reported a fiscal fourth quarter loss per share of 6 cents, which was wider than the Zacks Consensus Estimate. However, the loss did narrow on a year-over-year basis.


 
CHARMING SHOPPE ( CHRS ): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Investing Ideas, Stocks

Referenced Stocks: CHRS



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