G-III Apparel Group (GIII) Updates FY18 Earnings Guidance
G-III Apparel Group (NASDAQ:GIII) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.42-1.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35.
G-III Apparel Group (NASDAQ GIII) opened at $30.14 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1,478.35, a PE ratio of 30.02, a PEG ratio of 1.49 and a beta of 0.29. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $32.59.
G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, November 29th. The textile maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.61 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. G-III Apparel Group had a return on equity of 4.65% and a net margin of 1.23%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 EPS. sell-side analysts anticipate that G-III Apparel Group will post 1.36 earnings per share for the current fiscal year.
In other news, COO Wayne S. Miller sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $29.56, for a total value of $1,478,000.00. Following the completion of the transaction, the chief operating officer now owns 269,531 shares in the company, valued at approximately $7,967,336.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total value of $58,440.00. Following the completion of the transaction, the director now owns 20,609 shares of the company’s stock, valued at approximately $602,194.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,000 shares of company stock worth $1,682,990. Corporate insiders own 9.70% of the company’s stock.
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G-III Apparel Group 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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