On the company’s financial health, G-III Apparel Group Ltd. reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 30, 2016. The ratio has no change, as 31 funds sold all GIII shares owned while 60 reduced positions. only 28 funds bought stakes while 76 increased positions. The firm earned $442.30 million during the quarter, compared to the consensus estimate of $484.85 million. G-III Apparel Group, LTD. P/E (price to earnings) ratio is 13.97 and Forward P/E ratio of 11.03. Based on 4 analysts polled in the last 3 months, 1 rates a Buy, while 3 maintain a Hold.
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Other analysts have also issued research reports about the company.
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. In reaction, Piper Jaffray analyst Erinn Murphy reiterates a Neutral rating on shares of GIII with a $48 price target, which represents just under a 37% increase from where the stock is now trading.
G-III Apparel Group gapped open sharply lower Tuesday, but traded in a range for the bulk of the session. On average, equities analysts expect that G-III Apparel Group will post $2.53 earnings per share for the current fiscal year. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The short ratio in the company’s stock is documented at 7.70 and the short float is around of 11.95%. The company has a market cap of $1.20 billion.
While looking at the Stock’s Performance, G-III Apparel Group, LTD. now shows a Weekly Performance of -25.73%, where Monthly Performance is -18.59%, Quarterly performance is -15.87%, 6 Months performance is -39.5% and yearly performance percentage is -52.2%. Brean Capital started coverage on shares of G-III Apparel Group in a report on Tuesday, June 21st. The Firm is now forecasting net sales of about $2.48 billion and net income among $102 million and $106 million, or a range among $2.16 and $2.26 per diluted share as compared to its previous guidance of net sales of about $2.56 billion and net income among $120 million and $125 million, or a range among $2.55 and $2.65 per diluted share. Overweight rating was given by 0 analysts and Underweight rating was given by 0 analysts. Virginia Retirement System bought a new stake in G-III Apparel Group during the first quarter worth approximately $376,000. Pitcairn Co. boosted its stake in G-III Apparel Group by 0.3% in the second quarter.
Cortina Asset Management Llc holds 1.4% of its portfolio in GIII for 675,271 shares. The firm’s stock has a market capitalization of $1.46 bln. The retail operations segment consists primarily of its Wilsons Leather and G.H. Bass stores as well as Calvin Klein Performance stores.
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Morris Goldfarb, G-III’s Chairman, Chief Executive Officer and President, said, “We sustained momentum in our wholesale businesses with consistent well designed high quality product that our customers responded to”.
