Equities analysts predict that G-III Apparel Group, Ltd. (NASDAQ:GIII) will announce sales of $1.08 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for G-III Apparel Group’s earnings. G-III Apparel Group reported sales of $1.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is expected to report its next earnings results on Tuesday, December 4th.

According to Zacks, analysts expect that G-III Apparel Group will report full year sales of $3.07 billion for the current fiscal year, with estimates ranging from $3.06 billion to $3.10 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.23 billion, with estimates ranging from $3.18 billion to $3.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, September 6th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.19. G-III Apparel Group had a net margin of 3.39% and a return on equity of 10.67%. The firm had revenue of $624.70 million for the quarter, compared to analyst estimates of $590.16 million. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue was up 16.1% compared to the same quarter last year.

GIII has been the subject of a number of recent analyst reports. TheStreet raised shares of G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Tuesday, June 26th. BidaskClub raised shares of G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 11th. Buckingham Research upped their price target on shares of G-III Apparel Group from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, September 7th. ValuEngine downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Piper Jaffray Companies set a $51.00 price target on shares of G-III Apparel Group and gave the stock a “buy” rating in a report on Thursday, September 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. G-III Apparel Group currently has an average rating of “Buy” and an average price target of $50.64.

Shares of NASDAQ:GIII opened at $35.54 on Friday. G-III Apparel Group has a 12-month low of $23.19 and a 12-month high of $51.20. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.08. The company has a current ratio of 2.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45.

In other news, COO Wayne S. Miller sold 19,448 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $40.09, for a total transaction of $779,670.32. Following the completion of the sale, the chief operating officer now owns 248,621 shares of the company’s stock, valued at approximately $9,967,215.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.80% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Strs Ohio bought a new position in G-III Apparel Group in the 3rd quarter valued at approximately $746,000. Peregrine Capital Management LLC lifted its stake in G-III Apparel Group by 13.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 526,235 shares of the textile maker’s stock valued at $25,359,000 after purchasing an additional 60,474 shares during the last quarter. Foundry Partners LLC bought a new position in G-III Apparel Group in the 3rd quarter valued at approximately $1,997,000. First Hawaiian Bank bought a new position in G-III Apparel Group in the 3rd quarter valued at approximately $299,000. Finally, Scout Investments Inc. lifted its stake in G-III Apparel Group by 2.4% in the 3rd quarter. Scout Investments Inc. now owns 85,437 shares of the textile maker’s stock valued at $4,117,000 after purchasing an additional 1,982 shares during the last quarter.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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