G-III Apparel Group, Ltd. GIII was a big mover last session, as the company saw its shares rise roughly 10% on the day. Shares moved up after the company's third quarter fiscal 2016 earnings topped analysts' expectations. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $41.81 to $51.59 since Nov 6.
This textile-apparel industry stock witnessed four negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
G-III Apparel carries a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Hanesbrands Inc. HBI, carrying a Zacks Rank #2 (Buy).
Is GIII going up? Or down? Predict to see what others think: Up or Down
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