Media coverage about G-III Apparel Group (NASDAQ:GIII) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. G-III Apparel Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 46.9774531848573 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several equities analysts have commented on GIII shares. Zacks Investment Research cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. BidaskClub raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. B. Riley set a $38.00 target price on shares of G-III Apparel Group and gave the company a “hold” rating in a research note on Friday, March 23rd. ValuEngine raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Finally, Buckingham Research lowered their target price on shares of G-III Apparel Group from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, March 23rd. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.17.
Shares of G-III Apparel Group traded down $0.42, hitting $46.09, during trading hours on Friday, Marketbeat Ratings reports. 1,474,991 shares of the company’s stock traded hands, compared to its average volume of 1,094,108. G-III Apparel Group has a 52 week low of $21.65 and a 52 week high of $51.20. The company has a current ratio of 2.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.32 and a beta of 0.25.
G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, June 5th. The textile maker reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.27. G-III Apparel Group had a net margin of 2.85% and a return on equity of 9.15%. The company had revenue of $611.70 million during the quarter, compared to analyst estimates of $570.59 million. During the same quarter last year, the firm posted ($0.21) EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. research analysts forecast that G-III Apparel Group will post 2.35 earnings per share for the current year.
In other news, Director Laura H. Pomerantz sold 1,191 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $38.91, for a total transaction of $46,341.81. Following the completion of the transaction, the director now owns 32,766 shares in the company, valued at approximately $1,274,925.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey David Goldfarb sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $49.08, for a total transaction of $981,600.00. Following the transaction, the executive vice president now owns 406,043 shares of the company’s stock, valued at approximately $19,928,590.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 987,381 shares of company stock valued at $46,475,433. Insiders own 9.80% of the company’s stock.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. 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, footwear, small leather goods, cold weather accessories, and luggage.
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