Wall Street analysts forecast that G-III Apparel Group, Ltd. (NASDAQ:GIII) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for G-III Apparel Group’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.02). G-III Apparel Group posted earnings per share of ($0.15) during the same quarter last year, which indicates a positive year over year growth rate of 113.3%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, September 6th.

According to Zacks, analysts expect that G-III Apparel Group will report full year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.32 to $2.39. For the next financial year, analysts anticipate that the business will post earnings of $2.65 per share, with EPS estimates ranging from $2.53 to $2.77. Zacks’ earnings per share averages are an average based on a survey of research firms that follow G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, June 5th. The textile maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.27. G-III Apparel Group had a return on equity of 9.15% and a net margin of 2.85%. The firm had revenue of $611.70 million during the quarter, compared to analysts’ expectations of $570.59 million. During the same period in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis.

Several equities research analysts have weighed in on GIII shares. TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. Telsey Advisory Group upped their target price on G-III Apparel Group from $48.00 to $54.00 and gave the stock an “outperform” rating in a research note on Saturday, June 9th. Cowen set a $54.00 target price on G-III Apparel Group and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Stifel Nicolaus upped their target price on G-III Apparel Group from $33.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, June 6th. Finally, Zacks Investment Research cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. G-III Apparel Group presently has an average rating of “Buy” and an average price target of $47.17.

NASDAQ GIII traded down $0.85 on Tuesday, hitting $44.63. 605,600 shares of the company’s stock were exchanged, compared to its average volume of 611,551. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.35 and a quick ratio of 1.33. G-III Apparel Group has a 52 week low of $23.19 and a 52 week high of $51.20. The stock has a market capitalization of $2.24 billion, a PE ratio of 28.05, a PEG ratio of 1.29 and a beta of 0.17.

In other news, Director Bokhorst Willem Van sold 2,000 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $47.00, for a total transaction of $94,000.00. Following the completion of the transaction, the director now directly owns 54,774 shares in the company, valued at $2,574,378. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Feller sold 5,000 shares of the company’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the transaction, the director now owns 12,609 shares of the company’s stock, valued at $614,688.75. The disclosure for this sale can be found here. Insiders have sold 967,513 shares of company stock valued at $45,759,996 over the last quarter. Company insiders own 9.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in G-III Apparel Group by 2.3% in the first quarter. Rhumbline Advisers now owns 103,027 shares of the textile maker’s stock valued at $3,882,000 after purchasing an additional 2,280 shares during the period. SG Americas Securities LLC acquired a new stake in G-III Apparel Group in the first quarter valued at $172,000. American Century Companies Inc. acquired a new stake in G-III Apparel Group in the first quarter valued at $3,936,000. Prudential Financial Inc. increased its holdings in G-III Apparel Group by 2.4% in the first quarter. Prudential Financial Inc. now owns 70,728 shares of the textile maker’s stock valued at $2,665,000 after purchasing an additional 1,630 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in G-III Apparel Group by 24.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,601 shares of the textile maker’s stock valued at $1,078,000 after purchasing an additional 5,676 shares during the period.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and 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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