G-III Apparel Group, Ltd. (NASDAQ:GIII) – Stock analysts at Piper Jaffray Companies raised their Q3 2019 earnings estimates for G-III Apparel Group in a report released on Thursday, December 6th. Piper Jaffray Companies analyst E. Murphy now forecasts that the textile maker will earn $1.88 per share for the quarter, up from their prior estimate of $1.82. Piper Jaffray Companies has a “Buy” rating and a $50.00 price objective on the stock. Piper Jaffray Companies also issued estimates for G-III Apparel Group’s Q4 2019 earnings at $0.46 EPS, FY2019 earnings at $2.75 EPS, Q1 2020 earnings at $0.26 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $2.10 EPS, Q4 2020 earnings at $0.52 EPS, FY2020 earnings at $3.10 EPS, Q1 2021 earnings at $0.35 EPS, Q2 2021 earnings at $0.32 EPS and Q3 2021 earnings at $2.27 EPS.
Other research analysts have also recently issued research reports about the company. Needham & Company LLC set a $50.00 target price on G-III Apparel Group and gave the company a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating and set a $43.00 target price on shares of G-III Apparel Group in a research note on Friday. Telsey Advisory Group decreased their target price on G-III Apparel Group from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday. KeyCorp decreased their target price on G-III Apparel Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday. Finally, ValuEngine cut G-III Apparel Group from a “sell” rating to a “strong sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. G-III Apparel Group presently has a consensus rating of “Buy” and a consensus target price of $47.91.
Shares of GIII stock opened at $32.85 on Friday. G-III Apparel Group has a fifty-two week low of $30.36 and a fifty-two week high of $51.20. The stock has a market cap of $2.00 billion, a P/E ratio of 20.53, a PEG ratio of 1.04 and a beta of 0.33. The company has a quick ratio of 0.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.45.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.07. G-III Apparel Group had a return on equity of 10.67% and a net margin of 3.39%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.
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 value of $779,670.32. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Group One Trading L.P. boosted its position in shares of G-III Apparel Group by 118.7% in the 3rd quarter. Group One Trading L.P. now owns 3,103 shares of the textile maker’s stock valued at $150,000 after purchasing an additional 1,684 shares during the period. Moody National Bank Trust Division acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at $188,000. Acadian Asset Management LLC acquired a new position in shares of G-III Apparel Group in the 2nd quarter valued at $193,000. AMP Capital Investors Ltd acquired a new position in shares of G-III Apparel Group in the 2nd quarter valued at $266,000. Finally, Pitcairn Co. acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at $292,000.
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.
Featured Story: What are the Different Types of Leveraged Buyouts?
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.