Equities research analysts expect G-III Apparel Group, LTD. (NASDAQ:GIII) to report $520.45 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for G-III Apparel Group, LTD.’s earnings. The lowest sales estimate is $520.40 million and the highest is $520.50 million. G-III Apparel Group, LTD. posted sales of $442.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The business is expected to announce its next earnings results on Tuesday, August 29th.

According to Zacks, analysts expect that G-III Apparel Group, LTD. will report full year sales of $520.45 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $2.90 billion per share, with estimates ranging from $2.86 billion to $2.94 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.22. The company had revenue of $529 million for the quarter, compared to analyst estimates of $497.88 million. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. G-III Apparel Group, LTD.’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS.

Several research firms have commented on GIII. Zacks Investment Research downgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 22nd. Cowen and Company decreased 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. 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 reissued an “overweight” rating and issued a $41.00 target price on shares of G-III Apparel Group, LTD. in a research report on Friday, April 7th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of G-III Apparel Group, LTD. in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. G-III Apparel Group, LTD. has an average rating of “Hold” and a consensus price target of $30.00.

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G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 23.21 on Friday. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $51.81. The firm has a 50 day moving average of $22.68 and a 200-day moving average of $25.01. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 28.37 and a beta of 0.33.

A number of institutional investors have recently added to or reduced their stakes in GIII. State of Alaska Department of Revenue boosted its position in G-III Apparel Group, LTD. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in G-III Apparel Group, LTD. by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock valued at $390,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in G-III Apparel Group, LTD. by 0.9% in the first quarter. Arizona State Retirement System now owns 22,775 shares of the textile maker’s stock valued at $499,000 after buying an additional 200 shares during the last quarter. New York State Teachers Retirement System boosted its position in G-III Apparel Group, LTD. by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 44,141 shares of the textile maker’s stock valued at $1,305,000 after buying an additional 400 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in G-III Apparel Group, LTD. by 3.6% in the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock valued at $369,000 after buying an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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

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