Wall Street brokerages expect G-III Apparel Group, LTD. (NASDAQ:GIII) to announce earnings per share (EPS) of ($0.28) for the current quarter, Zacks reports. Three analysts have provided estimates for G-III Apparel Group, LTD.’s earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.22). G-III Apparel Group, LTD. posted earnings of $0.01 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2,900%. The firm is expected to announce its next quarterly earnings results on Tuesday, August 29th.

On average, analysts expect that G-III Apparel Group, LTD. will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.30. For the next year, analysts forecast that the company will post earnings of $1.73 per share, with EPS estimates ranging from $1.47 to $1.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow G-III Apparel Group, LTD..

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.22. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The firm had revenue of $529 million during the quarter, compared to the consensus estimate of $497.88 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year.

A number of equities analysts recently weighed in on GIII shares. Zacks Investment Research lowered shares of G-III Apparel Group, LTD. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 22nd. Piper Jaffray Companies set a $19.00 target price on shares of G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Monday, March 27th. KeyCorp restated an “overweight” rating and set a $41.00 target price on shares of G-III Apparel Group, LTD. in a research report on Friday, April 7th. Cowen and Company dropped their target price on shares of G-III Apparel Group, LTD. from $27.00 to $22.00 and set a “market perform” rating for the company in a research report on Tuesday, March 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $20.00 target price on shares of G-III Apparel Group, LTD. in a research report on Friday, May 26th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.67.

In related news, Director Laura H. Pomerantz sold 2,310 shares of the firm’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $24.32, for a total value of $56,179.20. Following the transaction, the director now owns 25,198 shares of the company’s stock, valued at approximately $612,815.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Morris Goldfarb purchased 6,843 shares of G-III Apparel Group, LTD. stock in a transaction that occurred on Monday, April 3rd. The stock was bought at an average cost of $21.99 per share, for a total transaction of $150,477.57. Following the purchase, the chief executive officer now directly owns 3,879,740 shares in the company, valued at $85,315,482.60. The disclosure for this purchase can be found here. Company insiders own 9.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GIII. Public Employees Retirement System of Ohio increased its position in G-III Apparel Group, LTD. by 1.7% in the first quarter. Public Employees Retirement System of Ohio now owns 63,136 shares of the textile maker’s stock worth $1,382,000 after buying an additional 1,081 shares during the period. HighTower Advisors LLC increased its position in G-III Apparel Group, LTD. by 107.1% in the first quarter. HighTower Advisors LLC now owns 17,789 shares of the textile maker’s stock worth $391,000 after buying an additional 9,199 shares during the period. Tudor Investment Corp ET AL acquired a new position in G-III Apparel Group, LTD. during the first quarter worth approximately $259,000. State Street Corp increased its position in G-III Apparel Group, LTD. by 6.6% in the first quarter. State Street Corp now owns 992,480 shares of the textile maker’s stock worth $21,722,000 after buying an additional 61,566 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in G-III Apparel Group, LTD. during the first quarter worth approximately $805,000. 99.66% of the stock is currently owned by institutional investors and hedge funds.

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G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 25.53 on Tuesday. The firm has a 50-day moving average of $22.49 and a 200 day moving average of $25.26. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $51.81. The company has a market capitalization of $1.24 billion, a P/E ratio of 31.21 and a beta of 0.32.

G-III Apparel Group, LTD. Company Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

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