Equities analysts expect G-III Apparel Group, Ltd. (NASDAQ:GIII) to report sales of $703.30 million for the current quarter, Zacks reports. Three analysts have made estimates for G-III Apparel Group’s earnings, with the highest sales estimate coming in at $706.20 million and the lowest estimate coming in at $701.00 million. G-III Apparel Group posted sales of $603.29 million in the same quarter last year, which suggests a positive year over year growth rate of 16.6%. The company is expected to issue its next earnings report on Monday, March 26th.

On average, analysts expect that G-III Apparel Group will report full-year sales of $703.30 million for the current year, with estimates ranging from $2.79 billion to $2.93 billion. For the next financial year, analysts anticipate that the business will post sales of $3.09 billion per share, with estimates ranging from $2.98 billion to $3.30 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for G-III Apparel Group.

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

Several research firms recently commented on GIII. BidaskClub cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Piper Jaffray Companies set a $33.00 price target on G-III Apparel Group and gave the company a “buy” rating in a report on Thursday, November 30th. B. Riley reaffirmed a “neutral” rating and issued a $36.00 price target on shares of G-III Apparel Group in a report on Friday, December 22nd. Barclays began coverage on G-III Apparel Group in a report on Tuesday, September 19th. They issued an “underweight” rating and a $28.00 price target for the company. Finally, Stifel Nicolaus increased their price target on G-III Apparel Group from $20.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.83.

G-III Apparel Group (NASDAQ:GIII) traded down $0.59 during trading hours on Tuesday, hitting $36.89. The company had a trading volume of 745,000 shares, compared to its average volume of 853,871. G-III Apparel Group has a 12-month low of $18.00 and a 12-month high of $38.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. The firm has a market capitalization of $1,810.60, a PE ratio of 43.92, a PEG ratio of 1.64 and a beta of 0.28.

In other news, Vice Chairman Sammy Aaron sold 51,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares in the company, valued at $18,697,830.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bokhorst Willem Van sold 7,518 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total value of $282,000.18. Following the transaction, the director now owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIII. Aperio Group LLC purchased a new position in shares of G-III Apparel Group during the second quarter worth $204,000. Schwab Charles Investment Management Inc. raised its stake in shares of G-III Apparel Group by 35.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 360,430 shares of the textile maker’s stock valued at $8,993,000 after acquiring an additional 94,248 shares in the last quarter. Arizona State Retirement System raised its stake in shares of G-III Apparel Group by 0.4% in the second quarter. Arizona State Retirement System now owns 22,875 shares of the textile maker’s stock valued at $571,000 after acquiring an additional 100 shares in the last quarter. First Trust Advisors LP raised its stake in shares of G-III Apparel Group by 3.7% in the second quarter. First Trust Advisors LP now owns 91,507 shares of the textile maker’s stock valued at $2,283,000 after acquiring an additional 3,264 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of G-III Apparel Group by 4.7% in the second quarter. Rhumbline Advisers now owns 88,067 shares of the textile maker’s stock valued at $2,197,000 after acquiring an additional 3,977 shares in the last quarter.

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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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