Wall Street analysts predict that G-III Apparel Group, LTD. (NASDAQ:GIII) will post sales of $703.60 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for G-III Apparel Group’s earnings, with the lowest sales estimate coming in at $701.00 million and the highest estimate coming in at $706.20 million. G-III Apparel Group reported sales of $603.29 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.6%. The firm is scheduled to report its next earnings results on Monday, March 26th.

According to Zacks, analysts expect that G-III Apparel Group will report full-year sales of $703.60 million for the current financial year, with estimates ranging from $2.79 billion to $2.82 billion. For the next year, analysts expect that the firm will post sales of $2.99 billion per share, with estimates ranging from $2.98 billion to $3.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $1.50 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year.

Several brokerages have recently issued reports on GIII. BidaskClub cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Thursday, December 7th. Telsey Advisory Group upped their price target on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Piper Jaffray Companies set a $36.00 price target on shares of G-III Apparel Group and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Cowen set a $32.00 price target on shares of G-III Apparel Group and gave the stock a “hold” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.73.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at $33.83 on Friday. G-III Apparel Group has a 12 month low of $18.00 and a 12 month high of $35.95. The stock has a market cap of $1,651.57, a price-to-earnings ratio of 28.52, a PEG ratio of 1.50 and a beta of 0.29. The company has a current ratio of 3.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66.

In other G-III Apparel Group news, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction on 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 owns 269,531 shares in the company, valued at approximately $7,967,336.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Feller sold 5,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $29.31, for a total transaction of $146,550.00. Following the completion of the transaction, the director now owns 20,609 shares in the company, valued at approximately $604,049.79. The disclosure for this sale can be found here. Insiders sold a total of 57,000 shares of company stock worth $1,682,990 in the last quarter. 9.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC lifted its holdings in G-III Apparel Group by 87.0% in the 2nd quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after buying an additional 1,876 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in G-III Apparel Group by 17.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of G-III Apparel Group in the 3rd quarter valued at about $151,000. Invictus RG acquired a new stake in shares of G-III Apparel Group in the 3rd quarter valued at about $185,000. Finally, SG Americas Securities LLC acquired a new stake in shares of G-III Apparel Group in the 2nd quarter valued at about $193,000.

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About G-III Apparel Group

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 (NASDAQ:GIII)

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