Brokerages expect G-III Apparel Group, Ltd. (NASDAQ: GIII) reports earnings per share (EPS) of $ 0.11 for the current quarter, according to Zacks Investment Research. Six analysts estimated G-III Apparel Group earnings, with estimates ranging from $ 0.06 to $ 0.13. G-III Apparel Group posted earnings per share of ($ 0.31) in the same quarter last year, which would indicate a positive year-over-year growth rate of 135.5% . The company is expected to release its next quarterly results on Wednesday, September 8.
On average, analysts expect G-III Apparel Group to report annual earnings of $ 2.70 per share for the current year, with EPS estimates ranging from $ 2.66 to $ 2.77 . For the next fiscal year, analysts expect the company to report earnings of $ 3.06 per share, with EPS estimates ranging from $ 2.80 to $ 3.38. Zacks EPS calculations are an average based on a survey of analysts who provide coverage for G-III Apparel Group.
G-III Apparel Group (NASDAQ: GIII) last released its results on Sunday, June 6. The textile maker reported earnings per share (EPS) of $ 0.53 for the quarter, beating analyst consensus estimates of $ 0.15 by $ 0.38. The company posted revenue of $ 519.90 million for the quarter, compared to analysts’ estimates of $ 462.60 million. G-III Apparel Group recorded a return on equity of 7.54% and a net margin of 4.11%. G-III Apparel Group revenue increased 28.3% compared to the same quarter last year. During the same period of the previous year, the company achieved earnings per share ($ 0.75).
A number of research firms have recently published reports on GIII. Telsey Advisory Group raised its price target on G-III Apparel Group from $ 33.00 to $ 38.00 and gave the stock a “market performance” rating in a report released on Tuesday, June 8. B. Riley raised his price target on G-III Apparel Group from $ 39.00 to $ 41.00 and gave the stock a âbuyâ rating in a research report on Tuesday, June 8. KeyCorp raised its price target on G-III Apparel Group from $ 30.00 to $ 38.00 and rated the stock “overweight” in a research report published on Friday, March 19. Barclays raised its price target on G-III Apparel Group from $ 27.00 to $ 30.00 and rated the stock “underweight” in a research report published on Tuesday, June 8. Finally, Zacks Investment Research downgraded G-III Apparel Group from a âbuyâ rating to a âholdâ rating and set a price target of $ 36.00 for the company. in a research report on Wednesday, May 19. One research analyst rated the stock with a sell rating, four assigned a conservation rating, and two assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $ 33.57.
NASDAQ: GIII traded down $ 0.64 at midday on Friday, hitting $ 31.38. 758,443 shares were traded, for an average volume of 510,512. The company’s fifty-day moving average price is $ 32.63. The company has a market cap of $ 1.52 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.11 and a beta of 2.98. G-III Apparel Group has a one-year minimum of $ 9.30 and a one-year maximum of $ 35.80. The company has a quick ratio of 2.81, a current ratio of 3.81 and a debt ratio of 0.38.
In related news, director Thomas Brosig sold 8,188 shares of the company in a transaction that took place on Monday, April 12. The stock was sold for an average price of $ 31.35, for a total value of $ 256,693.80. As a result of the transaction, the Director now directly owns 29,548 shares of the company, valued at approximately $ 926,329.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible through this hyperlink. Additionally, COO Wayne S. Miller sold 65,783 shares of the company in a trade that took place on Monday, March 22. The shares were sold for an average price of $ 33.71, for a total value of $ 2,217,544.93. Following the completion of the transaction, the COO now directly owns 249,201 shares of the company, valued at $ 8,400,565.71. Disclosure of this sale can be found here. 9.60% of the shares are held by insiders.
Hedge funds recently changed their holdings of equities. Vantage Consulting Group Inc purchased a new position in shares of G-III Apparel Group in the 4th quarter valued at approximately $ 26,000. FORA Capital LLC purchased a new position in G-III Apparel Group in the 1st quarter for a value of approximately $ 31,000. Veriti Management LLC purchased a new position in G-III Apparel Group in the 4th quarter for a value of approximately $ 78,000. O Shaughnessy Asset Management LLC increased its position in G-III Apparel Group by 44.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,477 shares of the textile maker valued at $ 105,000 after purchasing an additional 1,076 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank strengthened its position in G-III Apparel Group by 65.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,808 shares of the textile maker valued at $ 138,000 after purchasing an additional 2,307 shares during the period. 94.50% of the shares are currently held by institutional investors and hedge funds.
About the G-III clothing group
G-III Apparel Group, Ltd. designs, sources and markets apparel for women and men in the United States and around the world. The company operates in two segments, wholesale operations and retail operations. Its products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear; and women’s handbags, shoes, small leather goods, cold weather accessories and luggage.
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