Click here to close now.




















Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:G-III Apparel Group, Gildan Activewear, Joe's Jeans, Michael Kors Holdings and Lindsay

CHICAGO, Jan. 11, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include G-III Apparel Group, Ltd. (Nasdaq:GIII), GildanActivewear Inc. (NYSE:GIL), Joe's Jeans Inc. (Nasdaq:JOEZ ), Michael Kors Holdings Ltd. (NYSE:KORS) and Lindsay Corporation (NYSE:LNN).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday's Analyst Blog:

G-III Apparel Upgraded to Strong Buy

On January 9, 2013, Zacks Investment Research upgraded G-III Apparel Group, Ltd. (Nasdaq:GIII

) to a Zacks Rank #1 (Strong Buy). The company has amassed a solid return of roughly 50% over the past year.

Why the Upgrade?

G-III Apparel has been witnessing rising earnings estimates on the back of robust third-quarter fiscal 2013 results and an upbeat guidance for fiscal 2013. Moreover, this apparel manufacturer and distributor outperformed the Zacks Consensus Estimates in 3 of the last 5 quarters with an average beat of 15.6%.

G-III Apparel declared impressive third-quarter fiscal 2013 results on December 5, wherein earnings of $2.43 per share surpassed the Zacks Consensus Estimate of $2.31 by 5.2% and increased 12.5% from $2.16 earned in the prior-year quarter buoyed by top-line growth. Net sales rose 6.6% year over year to $543.5 million, but fell short of the Zacks Consensus Estimate of $573 million.

The solid demand for its brands and assortments, new business opportunities and increased penetration provide upside potential. Management also expects to reinvigorate growth through acquisitions, the latest in this league being the acquisition of the leading luxury resort brand – Vilebrequin.

Based on its strong fundamentals, management now projects fiscal 2013 earnings between $2.82 and $2.92 per share, up from the previous forecast of $2.74 to $2.84.

The Zacks Consensus Estimate for fiscal 2013 rose 3.5% to $2.93 per share over the last 60 days, and remains a penny above the upper end of the company's guidance range. For fiscal 2014, the Zacks Consensus Estimate advanced 3.1% over the same timeframe to $3.32 per share.

Other Stocks to Consider

Other stocks in the textile-apparel sector that you could consider are GildanActivewear Inc. (NYSE:GIL), Joe's Jeans Inc. (Nasdaq:JOEZ) and Michael Kors Holdings Ltd. (NYSE:KORS), which also hold a Zacks Rank #1 (Strong Buy).

Lindsay Corp Upped to Strong Buy

On January 9, Zacks Equity Research upgraded Lindsay Corporation (NYSE:LNN) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade? 

On Jan 8, Lindsay Corporation reported impressive first-quarter fiscal 2013 results with a 53.33% earnings surprise and strong outlook for the quarter as well as the year ahead. This helped this manufacturer of irrigation equipment attain its 52-week high on Jan 9. The long-term expected earnings growth rate for this stock is 13.5%    

Lindsay reported first-quarter 2013 (ended Nov 30) earnings per share of $1.15, beating the Zacks Consensus Estimate of 75 cents and up 92% from the year-ago quarter. Higher demand for domestic irrigation systems, expansion in irrigation margins helped by lower input costs, strong pricing environment and fixed cost leverage on higher sales led to the increase in earnings.

Lindsay expects positive farmer sentiment, increased farm incomes and commodity prices affected by dry weather prevailing in the U.S. to have a positive impact in fiscal 2013. Lindsay also expects long-term demand to remain high, driven by increased food production and efficient water use. Even though infrastructure sales declined during the quarter, it is expected to pick up through the remainder of the year.

For fiscal 2014, 1 of the 5 estimates was revised higher during last 7 days, lifting the Zacks Consensus Estimate by 1% to $4.44 per share. The Zacks Consensus Estimates for 2013 and 2014 suggests a year-over-year climb of 21.9% and 7.8%, respectively.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

 

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Scrum Alliance has announced the release of its 2015 State of Scrum Report. Almost 5,000 individuals and companies worldwide participated in this year's survey. Most organizations in the market today are still leading and managing under an Industrial Age model. Not only is the speed of change growing exponentially, Agile and Scrum frameworks are showing companies how to draw on the full talents and capabilities of those doing the work in order to continue innovating for success.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Graylog, Inc., has added the capability to collect, centralize and analyze application container logs from within Docker. The Graylog logging driver for Docker addresses the challenges of extracting intelligence from within Docker containers, where most workloads are dynamic and log data is not persisted or stored. Using Graylog, DevOps and IT Ops teams can pinpoint the root cause of problems to deliver new applications faster and minimize downtime.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...