G-III Apparel Group, Ltd. (GIII) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $56.14 to $60.09 over the past one-month time frame.
The stock has witnessed two upward and two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has moved up over the same time frame, suggesting that more solid trading could be ahead for G-III Apparel. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
G-III Apparel Group carries a Zacks Rank #3 (Hold).
A better-ranked stock in the textile-apparel industry is Perry Ellis International Inc. (PERY), sporting a Zacks Rank #1(Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment