G-III Apparel Group (GIII) Announces Quarterly Results
G-III Apparel Group (NASDAQ:GIII) announced its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.13, AmericanBankingNews.com reports. The company had revenue of $424.00 million for the quarter, compared to the consensus estimate of $391.00 million.
Shares of G-III Apparel Group (NASDAQ:GIII) opened at 84.18 on Wednesday. G-III Apparel Group has a 52 week low of $49.25 and a 52 week high of $84.95. The stock has a 50-day moving average of $80.46 and a 200-day moving average of $76.15. The company has a market cap of $1.729 billion and a P/E ratio of 22.34.
GIII has been the subject of a number of recent research reports. Analysts at Wunderlich initiated coverage on shares of G-III Apparel Group in a research note on Friday, August 15th. They set a “buy” rating and a $92.00 price target on the stock. On the ratings front, analysts at Cowen and Company raised their price target on shares of G-III Apparel Group from $86.00 to $90.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of G-III Apparel Group in a research note on Friday, June 27th. They now have a $92.00 price target on the stock, up previously from $85.00. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $90.86.
G-III Apparel Group, Ltd. (NASDAQ:GIII) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women’s suits and women’s performance wear, as well as luggage and women’s handbags, small leather goods and cold weather accessories.
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