G-III Apparel Group Ltd. (NASDAQ:GIII)’s share price dropped 2.4% during trading on Wednesday . The company traded as low as $41.23 and last traded at $43.55, with a volume of 118,609 shares traded. The stock had previously closed at $44.62.

GIII has been the topic of a number of research reports. Piper Jaffray Cos. restated an “overweight” rating and issued a $51.00 price objective on shares of G-III Apparel Group in a report on Monday, May 2nd. Stephens reiterated a “buy” rating on shares of G-III Apparel Group in a report on Thursday, May 12th. Cowen and Company reiterated a “buy” rating on shares of G-III Apparel Group in a report on Sunday, May 22nd. Zacks Investment Research downgraded G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Thursday, June 9th. Finally, Brean Capital initiated coverage on G-III Apparel Group in a report on Tuesday, June 21st. They set a “buy” rating and a $51.00 price target on the stock. 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 a consensus rating of “Buy” and a consensus target price of $56.36.

The firm has a market capitalization of $1.90 billion and a P/E ratio of 17.61. The firm’s 50 day moving average is $44.28 and its 200-day moving average is $45.37.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Wednesday, June 1st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm earned $457.40 million during the quarter, compared to the consensus estimate of $473.22 million. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Equities analysts anticipate that G-III Apparel Group Ltd. will post $2.58 EPS for the current fiscal 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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