Press coverage about G-III Apparel Group (NASDAQ:GIII) has trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. G-III Apparel Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 45.9409947163061 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts have recently issued reports on GIII shares. Zacks Investment Research lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $33.00 price objective on shares of G-III Apparel Group and gave the company a “buy” rating in a research note on Thursday, October 19th. Cowen set a $30.00 price objective on shares of G-III Apparel Group and gave the company a “hold” rating in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $45.00 price target on shares of G-III Apparel Group in a research report on Thursday, January 11th. Finally, BidaskClub downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $35.45.
G-III Apparel Group (GIII) traded down $1.31 during mid-day trading on Monday, hitting $34.67. 356,524 shares of the stock were exchanged, compared to its average volume of 653,943. G-III Apparel Group has a twelve month low of $18.00 and a twelve month high of $40.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. The firm has a market capitalization of $1,765.93, a P/E ratio of 41.27, a P/E/G ratio of 1.19 and a beta of 0.24.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 earnings per share. research analysts forecast that G-III Apparel Group will post 1.51 EPS for the current fiscal year.
In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 51,000 shares of G-III Apparel Group stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total value of $1,714,620.00. Following the completion of the transaction, the insider now owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bokhorst Willem Van sold 7,518 shares of G-III Apparel Group stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.
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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.
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