Equities research analysts predict that G-III Apparel Group, Ltd. (NASDAQ:GIII) will report sales of $709.63 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for G-III Apparel Group’s earnings, with the lowest sales estimate coming in at $702.70 million and the highest estimate coming in at $720.00 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 17.6%. The company is expected to issue its next quarterly earnings results on Monday, March 26th.
According to Zacks, analysts expect that G-III Apparel Group will report full year sales of $709.63 million for the current year, with estimates ranging from $2.39 billion to $2.93 billion. For the next financial year, analysts forecast that the firm will report sales of $3.04 billion per share, with estimates ranging from $2.81 billion to $3.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover G-III Apparel Group.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, topping the 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm earned $1.50 EPS. G-III Apparel Group’s quarterly revenue was up 15.9% compared to the same quarter last year.
Shares of G-III Apparel Group (GIII) traded down $2.77 on Monday, reaching $33.75. 575,814 shares of the company’s stock were exchanged, compared to its average volume of 647,156. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $40.96. The company has a market capitalization of $1,800.78, a price-to-earnings ratio of 40.18, a P/E/G ratio of 1.21 and a beta of 0.24.
In other news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the sale, the director now owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’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 sale, the insider now directly owns 556,152 shares in the company, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC lifted its position in shares of G-III Apparel Group by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after purchasing an additional 1,876 shares in the last quarter. Zions Bancorporation bought a new stake in shares of G-III Apparel Group in the third quarter worth $151,000. CIBC Asset Management Inc bought a new stake in shares of G-III Apparel Group in the fourth quarter worth $210,000. Invictus RG bought a new stake in shares of G-III Apparel Group in the third quarter worth $185,000. Finally, Turner Investments LLC bought a new stake in shares of G-III Apparel Group in the third quarter worth $218,000.
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G-III Apparel Group 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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