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Why G-III Apparel Group (GIII) Has A Bright Short-Term Future?

Zacks Equity Research

One company that should be on your radar is G-III Apparel Group, Ltd. (GIII). The stock of this women’s and men’s apparel manufacturing company  has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GIII’s full-year estimate, we have seen 3 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $3.31 a share a month ago to its current level at $3.59.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, GIII has seen some pretty solid trading lately, as the company has moved higher by 11.8% in the past month.

If G-III Apparel group can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GIII on your watch list for the future.

Other top-ranked stocks worth considering in this space include Hanesbrands Inc. (HBI), Michael Kors Holdings Limited (KORS), and Culp, Inc. (CFI). While Hanesbrands holds a Zacks Rank # 1 (Strong Buy), Michael Kors and Culp, Inc. carry a Zacks Rank #2 (Buy).

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

HANESBRANDS INC (HBI): Free Stock Analysis Report

CULP INC (CFI): Free Stock Analysis Report

MICHAEL KORS HOLDINGS LTD (KORS): Free Stock Analysis Report

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