G-III Apparel Group (NASDAQ:GIII) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $2.67-2.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.61. The company issued revenue guidance of $3.08 billion, compared to the consensus revenue estimate of $3.06 billion.G-III Apparel Group also updated its FY 2019 guidance to $2.67-2.77 EPS.
Shares of GIII opened at $34.91 on Friday. The company has a market cap of $2.00 billion, a PE ratio of 21.82, a PEG ratio of 1.04 and a beta of 0.33. G-III Apparel Group has a 1 year low of $30.36 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 2.12.
G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.07. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. G-III Apparel Group had a return on equity of 10.67% and a net margin of 3.39%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. As a group, equities analysts forecast that G-III Apparel Group will post 2.61 EPS for the current fiscal year.
Several analysts have recently issued reports on GIII shares. Buckingham Research decreased their price objective on G-III Apparel Group from $57.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, October 17th. ValuEngine cut G-III Apparel Group from a buy rating to a hold rating in a report on Friday, September 7th. Cowen set a $45.00 price objective on G-III Apparel Group and gave the stock a buy rating in a report on Thursday, October 18th. B. Riley upgraded G-III Apparel Group from a neutral rating to a buy rating and set a $47.00 price target on the stock in a report on Thursday, October 18th. Finally, Piper Jaffray Companies set a $54.00 price target on G-III Apparel Group and gave the company a buy rating in a report on Tuesday, September 18th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. G-III Apparel Group has a consensus rating of Buy and a consensus target price of $49.09.
In related news, COO Wayne S. Miller sold 19,448 shares of the stock in a transaction on Monday, October 8th. The stock was sold at an average price of $40.09, for a total transaction of $779,670.32. Following the sale, the chief operating officer now owns 248,621 shares in the company, valued at approximately $9,967,215.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.80% of the company’s stock.
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About G-III Apparel Group
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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