Fast-paced Momentum Stock G-III Apparel (GIII) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify suitable candidates [3] Group 2: G-III Apparel Group (GIII) Analysis - G-III Apparel Group has shown significant recent price momentum, with a four-week price change of 18.4%, indicating growing investor interest [4] - Over the past 12 weeks, GIII's stock has gained 11.3%, and it has a beta of 2.19, suggesting it moves 119% higher than the market in either direction [5] - GIII has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GIII has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which typically attracts more investor interest and drives price increases [7] - The stock is currently trading at a Price-to-Sales ratio of 0.43, suggesting it is undervalued, as investors pay only 43 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GIII, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]