Wall Street analysts forecast that G-III Apparel Group, LTD. (NASDAQ:GIII) will post $1.03 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for G-III Apparel Group, LTD.’s earnings. G-III Apparel Group, LTD. reported sales of $883.48 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.6%. The firm is expected to issue its next earnings report on Thursday, December 7th.

On average, analysts expect that G-III Apparel Group, LTD. will report full year sales of $1.03 billion for the current year, with estimates ranging from $2.78 billion to $2.82 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.94 billion per share, with estimates ranging from $2.92 billion to $2.96 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover G-III Apparel Group, LTD..

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share 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 4.65% and a net margin of 1.23%. The business had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $522.45 million. During the same period in the prior year, the business earned $0.01 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year.

Several brokerages have weighed in on GIII. B. Riley reiterated a “buy” rating on shares of G-III Apparel Group, LTD. in a report on Wednesday, November 1st. Cowen and Company set a $23.00 price target on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Monday, August 14th. BidaskClub raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reissued a “buy” rating and issued a $41.00 price target on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.45.

In related news, Director Alan Feller sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $29.22, for a total transaction of $58,440.00. Following the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $602,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Wayne S. Miller sold 50,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $29.56, for a total value of $1,478,000.00. Following the transaction, the chief operating officer now directly owns 269,531 shares in the company, valued at $7,967,336.36. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock worth $1,682,990 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in GIII. Teachers Advisors LLC increased its holdings in shares of G-III Apparel Group, LTD. by 7.8% in the first quarter. Teachers Advisors LLC now owns 76,457 shares of the textile maker’s stock valued at $1,674,000 after purchasing an additional 5,560 shares during the period. California Public Employees Retirement System increased its holdings in shares of G-III Apparel Group, LTD. by 3.4% in the first quarter. California Public Employees Retirement System now owns 82,000 shares of the textile maker’s stock valued at $1,795,000 after purchasing an additional 2,700 shares during the period. Vanguard Group Inc. increased its holdings in shares of G-III Apparel Group, LTD. by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,611,330 shares of the textile maker’s stock valued at $79,052,000 after purchasing an additional 222,059 shares during the period. Geode Capital Management LLC increased its holdings in shares of G-III Apparel Group, LTD. by 7.4% in the first quarter. Geode Capital Management LLC now owns 355,638 shares of the textile maker’s stock valued at $7,784,000 after purchasing an additional 24,545 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of G-III Apparel Group, LTD. by 30.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,997,215 shares of the textile maker’s stock valued at $43,719,000 after purchasing an additional 461,131 shares during the period. 99.90% of the stock is currently owned by institutional investors and hedge funds.

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Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) traded down $0.10 during mid-day trading on Wednesday, hitting $25.02. The company’s stock had a trading volume of 294,400 shares, compared to its average volume of 848,773. G-III Apparel Group, LTD. has a twelve month low of $18.00 and a twelve month high of $32.59. The stock has a market cap of $1,224.81, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.21. The company has a quick ratio of 1.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.56.

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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