Wall Street analysts expect that G-III Apparel Group, LTD. (NASDAQ:GIII) will report sales of $520.45 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for G-III Apparel Group, LTD.’s earnings. The highest sales estimate is $520.50 million and the lowest is $520.40 million. G-III Apparel Group, LTD. reported sales of $442.27 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.7%. The company is scheduled to report its next earnings results on Tuesday, August 29th.

On average, analysts expect that G-III Apparel Group, LTD. will report full-year sales of $520.45 million for the current year. For the next year, analysts anticipate that the company will post sales of $2.90 billion per share, with estimates ranging from $2.86 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of research firms that cover G-III Apparel Group, LTD..

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.22. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The business had revenue of $529 million for the quarter, compared to the consensus estimate of $497.88 million. During the same period in the prior year, the business posted $0.06 earnings per share. G-III Apparel Group, LTD.’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Several equities research analysts recently commented on GIII shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Friday, May 26th. Wunderlich reaffirmed a “buy” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, June 6th. Telsey Advisory Group boosted their price objective on shares of G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Cowen and Company boosted their price objective on shares of G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Finally, Piper Jaffray Companies set a $22.00 price objective on shares of G-III Apparel Group, LTD. and gave the company a “hold” rating in a research report on Tuesday, June 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $29.82.

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of G-III Apparel Group, LTD. by 97.1% in the first quarter. Wells Fargo & Company MN now owns 857,418 shares of the textile maker’s stock valued at $18,768,000 after buying an additional 422,320 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of 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. Renaissance Technologies LLC acquired a new stake in shares of G-III Apparel Group, LTD. during the fourth quarter valued at about $934,000. US Bancorp DE raised its stake in shares of G-III Apparel Group, LTD. by 19.6% in the first quarter. US Bancorp DE now owns 87,330 shares of the textile maker’s stock valued at $1,912,000 after buying an additional 14,286 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of 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. Hedge funds and other institutional investors own 94.36% of the company’s stock.

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About G-III Apparel Group, LTD.

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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