G-III Apparel Group, Ltd. (NASDAQ:GIII) – Equities researchers at KeyCorp issued their Q1 2019 earnings estimates for shares of G-III Apparel Group in a research note issued on Wednesday. KeyCorp analyst E. Yruma expects that the textile maker will post earnings of $0.03 per share for the quarter. KeyCorp has a “Buy” rating and a $45.00 price objective on the stock. KeyCorp also issued estimates for G-III Apparel Group’s Q2 2019 earnings at $0.02 EPS.
A number of other brokerages have also recently issued reports on GIII. Piper Jaffray Companies reissued a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, January 10th. BidaskClub cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Barclays increased their price objective on shares of G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, January 25th. B. Riley reissued a “neutral” rating and issued a $36.00 price objective on shares of G-III Apparel Group in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $35.45.
Shares of G-III Apparel Group (GIII) traded up $0.02 during midday trading on Monday, hitting $36.76. 297,600 shares of the stock were exchanged, compared to its average volume of 581,693. The company has a current ratio of 3.52, a quick ratio of 1.91 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1,804.22, a PE ratio of 43.76, a PEG ratio of 1.20 and a beta of 0.24. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $40.96.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis.
In related news, Vice Chairman Sammy Aaron sold 51,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bokhorst Willem Van sold 7,518 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total transaction of $282,000.18. Following the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation bought a new position in G-III Apparel Group during the third quarter valued at $151,000. CIBC Asset Management Inc bought a new position in G-III Apparel Group during the fourth quarter valued at $210,000. Amalgamated Bank bought a new position in G-III Apparel Group during the fourth quarter valued at $230,000. Invictus RG bought a new position in G-III Apparel Group during the third quarter valued at $185,000. Finally, Turner Investments LLC bought a new position in G-III Apparel Group during the third quarter valued at $218,000. Institutional investors and hedge funds own 96.12% of the company’s stock.
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G-III Apparel Group Company Profile
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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