News headlines about G-III Apparel Group, LTD. (NASDAQ:GIII) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. G-III Apparel Group, LTD. earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 45.6667980101489 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms recently issued reports on GIII. Cowen and Company set a $23.00 price objective on shares of G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. Buckingham Research restated a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of G-III Apparel Group, LTD. in a research report on Thursday, September 7th. Finally, Zacks Investment Research cut shares of G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.45.
Shares of G-III Apparel Group, LTD. (GIII) traded down $0.52 on Friday, hitting $24.53. 357,050 shares of the company’s stock were exchanged, compared to its average volume of 556,298. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98. 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 firm has a market capitalization of $1.20 billion, a PE ratio of 24.80, a PEG ratio of 1.23 and a beta of 0.21.
G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The firm had revenue of $538.00 million during the quarter, compared to analyst estimates of $522.45 million. During the same period last year, the company posted $0.01 EPS. The business’s quarterly revenue was up 21.6% on a year-over-year basis. equities analysts forecast that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current year.
In related news, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at approximately $7,967,336.36. The sale was disclosed in a filing 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 dated Friday, September 29th. The shares were sold at an average price of $29.31, for a total value of $146,550.00. Following the completion of the sale, the director now directly owns 20,609 shares of the company’s stock, valued at $604,049.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,000 shares of company stock valued at $1,682,990. Corporate insiders own 9.60% of the company’s stock.
G-III Apparel Group, LTD. 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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