G-III Apparel Group Ltd. (GIII) Shares Up 3.8%
G-III Apparel Group Ltd. (NASDAQ:GIII) shot up 3.8% on Thursday . The company traded as high as $33.63 and last traded at $32.78, with a volume of 1,445,108 shares. The stock had previously closed at $31.57.
A number of brokerages have weighed in on GIII. Cowen and Company reiterated a “buy” rating on shares of G-III Apparel Group in a report on Sunday, May 22nd. Piper Jaffray Cos. lowered their target price on G-III Apparel Group to $48.00 in a report on Thursday, June 2nd. Zacks Investment Research upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Stephens reiterated a “buy” rating on shares of G-III Apparel Group in a report on Thursday, May 12th. Finally, Brean Capital reiterated a “buy” rating and issued a $41.00 target price on shares of G-III Apparel Group in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.02.
The company has a market capitalization of $1.50 billion and a P/E ratio of 13.92. The firm’s 50-day moving average price is $42.04 and its 200-day moving average price is $44.95.
G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, August 30th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.21. The business earned $442.30 million during the quarter, compared to the consensus estimate of $484.85 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. G-III Apparel Group’s revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts forecast that G-III Apparel Group Ltd. will post $2.13 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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