G-III Apparel Group (NASDAQ:GIII) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.42-1.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35.
A number of research analysts have issued reports on the stock. Telsey Advisory Group increased their target price on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an outperform rating in a research report on Wednesday. Piper Jaffray Companies set a $36.00 price target on shares of G-III Apparel Group and gave the stock a buy rating in a research report on Wednesday. Cowen set a $32.00 price target on shares of G-III Apparel Group and gave the stock a hold rating in a research report on Thursday, November 30th. Zacks Investment Research lowered shares of G-III Apparel Group from a buy rating to a hold rating in a research report on Wednesday, November 8th. Finally, B. Riley reiterated a buy rating on shares of G-III Apparel Group in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $34.18.
G-III Apparel Group (NASDAQ GIII) opened at $34.30 on Wednesday. The stock has a market cap of $1,469.57, a price-to-earnings ratio of 29.84, a PEG ratio of 1.48 and a beta of 0.29. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $35.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 2.75.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. G-III Apparel Group had a net margin of 1.23% and a return on equity of 4.65%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 earnings per share. sell-side analysts forecast that G-III Apparel Group will post 1.36 EPS for the current fiscal year.
In related news, COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the completion of the transaction, the chief operating officer now owns 269,531 shares of the company’s stock, valued at $7,967,336.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Feller sold 5,000 shares of G-III Apparel Group stock in a transaction on Friday, September 29th. The stock was sold at an average price of $29.31, for a total transaction of $146,550.00. Following the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $604,049.79. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock valued at $1,682,990 in the last ninety days. Insiders own 9.70% of the company’s stock.
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G-III Apparel Group 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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