Are you still holding shares of G-III Apparel Group, Ltd. GIII and waiting for a miracle to take the stock higher in the near term? If yes, then you might lose more money as chances are very slim that the stock, which lost its value by more than 30% in the past six months, will take a U-turn going forward. Let’s delve deeper and try to find out what is taking this Zacks Rank #5 (Strong Sell) company down the hill.Ever since G-III Apparel Group reported dismal numbers for the fourth quarter of fiscal 2016 on Mar 22, 2016, its shares have declined more than 19%. The company’s earnings of 17 cents per share were well below the Zacks Consensus Estimate of 42 cents and also plunged 65.3% year over year.Further, the company reported revenues of $527 million that fell short of the Zacks Consensus Estimate of $579 million. Notably, the company’s top line missed the Zacks Consensus Estimate for the second consecutive quarter. G-III Apparel Group’s fourth-quarter results were adversely impacted by softness in outerwear sales. The decline in outwear sales was mainly due to the warmest winter ever recorded.Let’s look at G-III Apparel Group’s earnings estimate revisions in order to get a clear picture of what analysts are thinking about the company. In the past 30 days, the Zacks Consensus Estimate for fiscal 2017 has declined by 17.3% to $2.58. Also, over the same time frame, the consensus estimate for the first quarter of fiscal 2017 has moved down to 1 cent from 15 cents.Consider Other StocksWhy buy a company that is bogged down by dismal earnings and downward estimate revisions? If you want to own a stock in the same space, consider Columbia Sportswear Company COLM, Delta Apparel Inc. DLA and Hanesbrands Inc. HBI. All the three stocks hold a Zacks Rank #2 (Buy).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 COLUMBIA SPORTS (COLM): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report DELTA APPAREL (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research