G-III Apparel Group, LTD. (GIII) Receives Coverage Optimism Rating of 0.24
Press coverage about G-III Apparel Group, LTD. (NASDAQ:GIII) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. G-III Apparel Group, LTD. earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.5187914225589 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- G-III Apparel Group, LTD. Expected to Post Q4 2018 Earnings of $0.16 Per Share (GIII) (americanbankingnews.com)
- III Apparel Group, LTD. (NASDAQ:GIII) reported Sales of 2.46 Billion (iphonefresh.com)
- 1.22 is G III Apparel Group LTD’s (NASDAQ:GIII) Institutional Investor Sentiment (fishinghd.com)
- G-III Apparel Group, LTD. (GIII) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Equities Analysts Offer Predictions for G-III Apparel Group, LTD.’s Q3 2018 Earnings (GIII) (americanbankingnews.com)
A number of brokerages have commented on GIII. Buckingham Research reaffirmed a “buy” rating and issued a $28.00 price objective on shares of G-III Apparel Group, LTD. in a report on Monday, July 17th. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Cowen and Company upped their price objective on G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. FBR & Co reaffirmed an “outperform” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a report on Tuesday, July 11th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a report on Tuesday, June 6th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.82.
G-III Apparel Group, LTD. (NASDAQ:GIII) traded down 1.23% during mid-day trading on Monday, hitting $28.93. The stock had a trading volume of 457,580 shares. G-III Apparel Group, LTD. has a 12 month low of $18.00 and a 12 month high of $32.98. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 35.37 and a beta of 0.26. The firm’s 50-day moving average is $26.34 and its 200 day moving average is $24.17.
G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. The company had revenue of $538 million during the quarter, compared to analysts’ expectations of $522.45 million. G-III Apparel Group, LTD. had a return on equity of 4.67% and a net margin of 1.23%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Equities analysts anticipate that G-III Apparel Group, LTD. will post $1.35 EPS for the current fiscal year.
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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