This Top Consumer Discretionary Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
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Should You Buy #1 (Strong Buy)-Ranked G-III Apparel Group (GIII) for Your Portfolio?
G-III Apparel Group was upgraded to the Zacks Rank #1 list on September 12, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Based in New York, G-III Apparel Group, Ltd. is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. The company’s portfolio includes outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. G-III has a portfolio of more than 30 licensed and proprietary brands, including five global major brands — DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld. G-III's owned brands include Donna Karan, DKNY, Vilebrequin, G. H. Bass, Andrew Marc, Marc New York, Eliza J and Jessica Howard.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.41 to $3.27 per share. GIII also boasts an average earnings surprise of 526.6%.
Analysts are expecting earnings to grow 14.7% for the current fiscal year, with revenue forecasted to rise 2.4%.
Additionally, GIII has climbed higher over the past four weeks, gaining 3.1%. The S&P 500 is down 4% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, G-III Apparel Group could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
