G-III Apparel Group (GIII) Issues FY18 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.42-1.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35.

Several equities analysts have issued reports on GIII shares. Piper Jaffray Companies set a $33.00 price target on shares of G-III Apparel Group and gave the stock a buy rating in a report on Thursday, November 30th. Cowen set a $23.00 target price on shares of G-III Apparel Group and gave the company a hold rating in a research report on Monday, August 14th. BidaskClub raised shares of G-III Apparel Group from a hold rating to a buy rating in a report on Tuesday, August 8th. ValuEngine raised shares of G-III Apparel Group from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Barclays began coverage on shares of G-III Apparel Group in a research note on Tuesday, September 19th. They set an underweight rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $33.64.

Shares of G-III Apparel Group (GIII) opened at $30.14 on Tuesday. The firm has a market cap of $1,478.35, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.29. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. G-III Apparel Group has a 12 month low of $18.00 and a 12 month high of $32.59.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, November 29th. The textile maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.06. G-III Apparel Group had a net margin of 1.23% and a return on equity of 4.65%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. equities research analysts forecast that G-III Apparel Group will post 1.36 EPS for the current year.

In other news, COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the transaction, the chief operating officer now owns 269,531 shares in the company, valued at approximately $7,967,336.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Feller sold 5,000 shares of G-III Apparel Group stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $29.31, for a total value of $146,550.00. Following the transaction, the director now owns 20,609 shares in the company, valued at approximately $604,049.79. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock worth $1,682,990 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/05/g-iii-apparel-group-giii-issues-fy18-earnings-guidance.html.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

Receive News & Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply