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G-III Apparel Group (GIII) Tumbles: Stock Falls 8%

Zacks Equity Research

G-III Apparel Group, Ltd. (GIII) saw a big move last session, as the company’s shares fell nearly 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 GIII, as the stock is now down nearly 13% since Oct 8.

This textile-apparel company has seen a flat track record when it comes to current year estimate revisions over the past few weeks which has remained unchanged, and the consensus for earnings 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.

G-III Apparel Group has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the same industry may consider better-ranked stocks like Cherokee Inc. (CHKE), Hanesbrands Inc. (HBI) and Gildan Activewear Inc. (GIL). While Cherokee and Hanesbrands hold a Zacks Rank #1 (Strong Buy), Gildan Activewear carries a Zacks Rank #2 (Buy).

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G III APPAREL GROUP INC (GIII): Free Stock Analysis Report

CHEROKEE INC (CHKE): Free Stock Analysis Report

HANESBRANDS INC (HBI): Free Stock Analysis Report

GILDAN ACTIVEWEAR INC (GIL): Free Stock Analysis Report

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