Analysts forecast that G-III Apparel Group, Ltd. (NASDAQ:GIII) will announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for G-III Apparel Group’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.42. G-III Apparel Group posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 69.2%. The business is expected to report its next quarterly earnings results on Thursday, March 28th.

On average, analysts expect that G-III Apparel Group will report full-year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.75 to $2.77. For the next financial year, analysts expect that the business will report earnings of $3.07 per share, with EPS estimates ranging from $2.94 to $3.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for G-III Apparel Group.

A number of analysts have recently commented on GIII shares. Needham & Company LLC set a $50.00 price target on G-III Apparel Group and gave the company a “buy” rating in a research note on Friday, December 7th. They noted that the move was a valuation call. Piper Jaffray Companies set a $50.00 price objective on G-III Apparel Group and gave the company a “buy” rating in a research report on Thursday, December 6th. KeyCorp reiterated a “buy” rating on shares of G-III Apparel Group in a research report on Sunday, December 9th. BidaskClub lowered G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 8th. Finally, Stifel Nicolaus upgraded G-III Apparel Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.50 to $40.00 in a research report on Sunday, December 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.83.

Several institutional investors and hedge funds have recently modified their holdings of GIII. Bank of Montreal Can boosted its position in G-III Apparel Group by 10.3% during the 3rd quarter. Bank of Montreal Can now owns 45,058 shares of the textile maker’s stock worth $2,171,000 after acquiring an additional 4,212 shares during the last quarter. Strs Ohio acquired a new position in G-III Apparel Group during the 3rd quarter worth approximately $746,000. Oppenheimer Asset Management Inc. acquired a new position in G-III Apparel Group during the 3rd quarter worth approximately $307,000. Robeco Institutional Asset Management B.V. boosted its position in G-III Apparel Group by 2,177.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 166,781 shares of the textile maker’s stock worth $8,035,000 after acquiring an additional 159,459 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new position in G-III Apparel Group during the 3rd quarter worth approximately $188,000.

Shares of GIII stock traded down $0.22 on Thursday, reaching $35.70. The company had a trading volume of 228,947 shares, compared to its average volume of 465,759. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.54 and a quick ratio of 1.55. The stock has a market cap of $1.77 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.58 and a beta of 0.97. G-III Apparel Group has a 12 month low of $25.43 and a 12 month high of $51.20.

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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