G-III Apparel Group (GIII) to Release Earnings on Thursday

G-III Apparel Group (NASDAQ:GIIIGet Free Report) is scheduled to release its earnings data before the market opens on Thursday, March 14th. Analysts expect G-III Apparel Group to post earnings of $0.67 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $29.50 on Tuesday. G-III Apparel Group has a fifty-two week low of $13.59 and a fifty-two week high of $35.68. The company has a 50 day simple moving average of $31.30 and a two-hundred day simple moving average of $28.34. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -12.39 and a beta of 2.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.84.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GIII. Wells Fargo & Company cut shares of G-III Apparel Group from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $24.00 in a report on Tuesday, January 16th. UBS Group raised their target price on shares of G-III Apparel Group from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp raised their target price on shares of G-III Apparel Group from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Finally, Barclays restated an “underweight” rating and issued a $23.00 target price (down previously from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.83.

Get Our Latest Report on GIII

Insider Transactions at G-III Apparel Group

In related news, CFO Neal Nackman sold 31,762 shares of G-III Apparel Group stock in a transaction on Friday, December 15th. The shares were sold at an average price of $35.29, for a total transaction of $1,120,880.98. Following the transaction, the chief financial officer now owns 55,977 shares in the company, valued at approximately $1,975,428.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.70% of the company’s stock.

Institutional Trading of G-III Apparel Group

A number of large investors have recently made changes to their positions in GIII. Madison Avenue Partners LP purchased a new position in shares of G-III Apparel Group during the 4th quarter worth about $25,716,000. Wasatch Advisors Inc. purchased a new stake in shares of G-III Apparel Group in the 1st quarter worth approximately $28,890,000. Goldman Sachs Group Inc. lifted its position in shares of G-III Apparel Group by 632.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 572,830 shares of the textile maker’s stock worth $11,038,000 after purchasing an additional 494,623 shares during the period. Norges Bank purchased a new stake in shares of G-III Apparel Group in the 4th quarter worth approximately $6,479,000. Finally, Morgan Stanley raised its stake in shares of G-III Apparel Group by 66.2% during the 4th quarter. Morgan Stanley now owns 1,017,476 shares of the textile maker’s stock worth $13,950,000 after acquiring an additional 405,402 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

About G-III Apparel Group

(Get Free Report)

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through 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 for G-III Apparel Group (NASDAQ:GIII)

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