G-III Apparel Group, Ltd. (NASDAQ:GIII) Expected to Post Earnings of $0.57 Per Share

Equities analysts expect G-III Apparel Group, Ltd. (NASDAQ:GIIIGet Rating) to report earnings per share (EPS) of $0.57 for the current quarter, Zacks reports. Two analysts have made estimates for G-III Apparel Group’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.59. G-III Apparel Group reported earnings of $0.53 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that G-III Apparel Group will report full-year earnings of $4.26 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.27. For the next fiscal year, analysts forecast that the company will report earnings of $4.53 per share, with EPS estimates ranging from $4.45 to $4.67. Zacks’ EPS calculations are an average based on a survey of research analysts that cover G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIIIGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.34. G-III Apparel Group had a return on equity of 13.97% and a net margin of 7.25%. The business had revenue of $748.20 million during the quarter, compared to analysts’ expectations of $740.17 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. TheStreet raised G-III Apparel Group from a “c+” rating to a “b-” rating in a research report on Friday, April 1st. Finally, Telsey Advisory Group reduced their target price on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

NASDAQ:GIII traded up $0.44 during mid-day trading on Tuesday, hitting $28.25. 643,066 shares of the company traded hands, compared to its average volume of 493,165. The stock’s fifty day moving average price is $27.45 and its 200-day moving average price is $28.25. G-III Apparel Group has a one year low of $22.50 and a one year high of $35.80. The company has a quick ratio of 2.23, a current ratio of 3.24 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 6.96 and a beta of 2.68.

In other news, Vice Chairman Sammy Aaron sold 60,000 shares of the stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $29.82, for a total value of $1,789,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Neal Nackman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $29.06, for a total transaction of $435,900.00. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its holdings in shares of G-III Apparel Group by 2.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 17,680 shares of the textile maker’s stock valued at $478,000 after purchasing an additional 381 shares during the last quarter. Meritage Portfolio Management lifted its holdings in G-III Apparel Group by 5.4% during the 4th quarter. Meritage Portfolio Management now owns 7,744 shares of the textile maker’s stock worth $214,000 after buying an additional 398 shares during the last quarter. California State Teachers Retirement System lifted its holdings in G-III Apparel Group by 0.9% during the 4th quarter. California State Teachers Retirement System now owns 60,615 shares of the textile maker’s stock worth $1,675,000 after buying an additional 555 shares during the last quarter. US Bancorp DE lifted its holdings in G-III Apparel Group by 1.6% during the 3rd quarter. US Bancorp DE now owns 36,905 shares of the textile maker’s stock worth $1,044,000 after buying an additional 593 shares during the last quarter. Finally, Pitcairn Co. raised its position in shares of G-III Apparel Group by 5.8% during the 3rd quarter. Pitcairn Co. now owns 13,598 shares of the textile maker’s stock worth $384,000 after purchasing an additional 747 shares during the period. Institutional investors own 93.14% of the company’s stock.

G-III Apparel Group Company Profile (Get Rating)

G-III Apparel Group, Ltd. designs, sources, 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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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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