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Lowest Forward P/E Ratio in the Apparel, Accessories & Luxury Industry Detected in Shares of Delta Apparel (DLA, JNY, PERY, HBI, GIII)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Apparel, Accessories & Luxury industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Delta Apparel ranks lowest with a a forward P/E ratio of 7.83. Jones Apparel is next with a a forward P/E ratio of 8.81. Perry Ellis ranks third lowest with a a forward P/E ratio of 9.26.
Hanesbrands follows with a a forward P/E ratio of 10.06, and G-III Apparel rounds out the bottom five with a a forward P/E ratio of 10.83.
SmarTrend recommended that subscribers consider buying shares of Hanesbrands on August 1st, 2012 as our technology indicated a new Uptrend was in progress when shares hit $31.76. Since that recommendation, shares of Hanesbrands have risen 20.5%. We continue to monitor Hanesbrands for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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