G-III Apparel Group, Ltd. (NASDAQ:GIII) – Stock analysts at Piper Jaffray Companies upped their Q1 2020 EPS estimates for G-III Apparel Group in a report released on Tuesday, May 14th, according to Zacks Investment Research. Piper Jaffray Companies analyst E. Murphy now anticipates that the textile maker will earn $0.22 per share for the quarter, up from their previous estimate of $0.20. Piper Jaffray Companies currently has a “Neutral” rating and a $35.00 target price on the stock. Piper Jaffray Companies also issued estimates for G-III Apparel Group’s Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $2.12 EPS, Q4 2020 earnings at $0.63 EPS, FY2020 earnings at $3.20 EPS, Q2 2021 earnings at $0.29 EPS, Q3 2021 earnings at $2.33 EPS, Q4 2021 earnings at $0.71 EPS and FY2021 earnings at $3.58 EPS.
G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Wednesday, June 5th. The textile maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $633.60 million for the quarter, compared to analyst estimates of $650.03 million. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.68%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS.
GIII has been the subject of several other reports. BidaskClub cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Zacks Investment Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. TheStreet cut shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Bank of America decreased their price objective on shares of G-III Apparel Group from $43.00 to $35.00 and set a “buy” rating for the company in a report on Thursday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $34.00 price objective (down from $47.00) on shares of G-III Apparel Group in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. G-III Apparel Group presently has an average rating of “Hold” and an average price target of $41.70.
G-III Apparel Group stock traded up $0.38 during trading hours on Friday, reaching $25.58. The stock had a trading volume of 1,118,933 shares, compared to its average volume of 578,781. The firm has a market cap of $1.23 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37. G-III Apparel Group has a 52 week low of $23.34 and a 52 week high of $50.83. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Blueshift Asset Management LLC purchased a new position in shares of G-III Apparel Group in the fourth quarter worth $267,000. Legal & General Group Plc lifted its holdings in shares of G-III Apparel Group by 0.6% in the fourth quarter. Legal & General Group Plc now owns 102,158 shares of the textile maker’s stock worth $2,846,000 after buying an additional 587 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of G-III Apparel Group by 10.9% in the third quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock worth $209,439,000 after buying an additional 426,960 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of G-III Apparel Group by 29.8% in the fourth quarter. Dana Investment Advisors Inc. now owns 72,261 shares of the textile maker’s stock worth $2,015,000 after buying an additional 16,596 shares in the last quarter. Finally, Menta Capital LLC lifted its holdings in shares of G-III Apparel Group by 37.9% in the first quarter. Menta Capital LLC now owns 12,371 shares of the textile maker’s stock worth $494,000 after buying an additional 3,400 shares in the last quarter.
In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 71,766 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $41.33, for a total value of $2,966,088.78. Following the completion of the transaction, the insider now directly owns 434,969 shares in the company, valued at $17,977,268.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laura H. Pomerantz sold 821 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $40.43, for a total transaction of $33,193.03. Following the completion of the transaction, the director now owns 39,682 shares of the company’s stock, valued at $1,604,343.26. The disclosure for this sale can be found here. Insiders have sold 74,692 shares of company stock valued at $3,086,681 over the last 90 days. 8.60% of the stock is currently owned by company insiders.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, sources, 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.