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G-III Apparel Group (GIII) Surges: Stock Moves 13.8% Higher

Zacks

G-III Apparel Group, Ltd.(GIII) was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company – as the shares are now up 40.5% in the past one-month time frame.

The company's shares rose after the company reported better-than-expected third-quarter fiscal 2018 results.


The company has seen one positive estimate revision over the past one month, and the Zacks Consensus Estimate for the current quarter has also moved upward, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

G-III Apparelcurrently has a Zacks Rank #3 (Hold) while its Earnings ESPis positive.

G-III Apparel Group, LTD. Price and Consensus

G-III Apparel Group, LTD. Price and Consensus | G-III Apparel Group, LTD. Quote

A better-ranked stock in the Textile – Apparel industryis Ralph Lauren Corp (RL), which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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