Somewhat Favorable Press Coverage Somewhat Unlikely to Impact G-III Apparel Group (GIII) Share Price

News stories about G-III Apparel Group (NASDAQ:GIII) have trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive 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 0.13 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.9204270268166 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

How to Become a New Pot Stock Millionaire

Shares of GIII stock opened at $39.12 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.76 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,922.59, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.28 and a beta of 0.21. 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 Thursday, March 22nd. The textile maker reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The company had revenue of $714.90 million during the quarter, compared to analyst estimates of $707.64 million. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.44%. G-III Apparel Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) earnings per share. equities research analysts anticipate that G-III Apparel Group will post 2.04 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on GIII. BidaskClub lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Piper Jaffray reissued a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, January 10th. B. Riley reissued a “neutral” rating and issued a $36.00 price objective on shares of G-III Apparel Group in a report on Friday, December 22nd. ValuEngine raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Finally, Telsey Advisory Group dropped their price objective on shares of G-III Apparel Group from $53.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. G-III Apparel Group has a consensus rating of “Buy” and an average target price of $36.82.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/04/09/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-g-iii-apparel-group-giii-share-price.html.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets men's and women's apparel. It operates in two segments, Wholesale Operations and Retail Operations. The company's products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

Insider Buying and Selling by Quarter for G-III Apparel Group (NASDAQ:GIII)

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

Leave a Reply