G-III Apparel Group, LTD. (NASDAQ:GIII) – Stock analysts at KeyCorp cut their Q3 2018 earnings per share estimates for shares of G-III Apparel Group, LTD. in a research report issued to clients and investors on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $1.50 per share for the quarter, down from their prior estimate of $1.70. KeyCorp has a “Buy” rating and a $41.00 price objective on the stock. KeyCorp also issued estimates for G-III Apparel Group, LTD.’s FY2018 earnings at $1.33 EPS and Q1 2019 earnings at $0.00 EPS.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.67% and a net margin of 1.23%. The company had revenue of $538 million during the quarter, compared to analysts’ expectations of $522.45 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year.

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A number of other research firms have also recently weighed in on GIII. Stifel Nicolaus raised their price target on G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the company a “hold” rating in a report on Thursday. Buckingham Research reaffirmed a “buy” rating and set a $35.00 price target (up from $30.00) on shares of G-III Apparel Group, LTD. in a report on Thursday. ValuEngine raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. FBR & Co reaffirmed a “buy” rating and set a $33.00 price target on shares of G-III Apparel Group, LTD. in a report on Tuesday. Finally, Telsey Advisory Group raised G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $36.00 in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.45.

G-III Apparel Group, LTD. (NASDAQ GIII) traded down 1.91% on Friday, hitting $29.80. The stock had a trading volume of 106,796 shares. The firm has a market cap of $1.45 billion, a P/E ratio of 36.43 and a beta of 0.26. The firm’s 50-day moving average price is $26.16 and its 200-day moving average price is $24.17. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98.

Institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its stake in shares of G-III Apparel Group, LTD. by 17.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after purchasing an additional 580 shares during the period. Flinton Capital Management LLC grew its stake in shares of G-III Apparel Group, LTD. by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after purchasing an additional 1,876 shares during the period. State of Alaska Department of Revenue grew its stake in shares of G-III Apparel Group, LTD. by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock worth $105,000 after purchasing an additional 80 shares during the period. UBS Group AG grew its stake in shares of G-III Apparel Group, LTD. by 85.7% during the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock worth $128,000 after purchasing an additional 2,699 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of G-III Apparel Group, LTD. during the second quarter worth $193,000. 99.38% of the stock is owned by institutional investors and hedge funds.

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.

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

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