G-III Apparel Group Ltd. (GIII) Sees Large Volume Increase
Shares of G-III Apparel Group Ltd. (NASDAQ:GIII) saw an uptick in trading volume on Thursday . 884,826 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 506,599 shares.The stock last traded at $41.60 and had previously closed at $43.21.
Several research firms have weighed in on GIII. Zacks Investment Research upgraded shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Friday. Brean Capital reiterated a “buy” rating and issued a $51.00 price target on shares of G-III Apparel Group in a research report on Tuesday, July 26th. Cowen and Company downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price target on the stock. in a research report on Tuesday, July 26th. Telsey Advisory Group downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $54.00 to $45.00 in a research report on Tuesday, July 26th. Finally, Piper Jaffray Cos. downgraded shares of G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Monday, July 25th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.36.
The company has a market cap of $1.87 billion and a P/E ratio of 17.37. The stock’s 50 day moving average price is $44.13 and its 200 day moving average price is $45.33.
G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Wednesday, June 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $457.40 million for the quarter, compared to analysts’ expectations of $473.22 million. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. Analysts predict that G-III Apparel Group Ltd. will post $2.58 earnings per share for the current year.
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.
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