Rocky Brands, Inc. ( RCKY ) saw a big move last session, as the company's shares fell by over 8% 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 RCKY, as the stock is now down about 24% since Sep 15, 2015.
This slump shouldn't be too much of a surprise to investors, as the footwear and apparel retailer has seen 1 negative revision 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.
RCKY currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Investors interested in the Shoes & Related Apparel industry may consider better-ranked stock like Skechers U.S.A., Inc. ( SKX ), which carries a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.