G-III Apparel Group, Ltd. (NASDAQ: GIII) is expected to post earnings of $0.66 per share

Wall Street brokers expect G-III Apparel Group, Ltd. (NASDAQ:GIII) reports earnings per share of $0.66 for the current quarter, according to Zacks. Five analysts made earnings estimates for G-III Apparel Group. The highest EPS estimate is $0.69 and the lowest is $0.62. G-III Apparel Group reported earnings per share of $0.47 in the same quarter last year, suggesting a positive year-over-year growth rate of 40.4%. The company is expected to release its next quarterly results on Thursday, March 17.

On average, analysts expect G-III Apparel Group to report annual earnings of $3.73 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $3.75 . For next year, analysts expect the company to report earnings of $3.76 per share, with EPS estimates ranging from $3.43 to $4.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts who cover the G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIII) last announced its results on Wednesday, December 1. The textile maker reported earnings per share (EPS) of $2.16 for the quarter, beating analysts’ consensus estimate of $1.79 by $0.37. G-III Apparel Group achieved a net margin of 6.56% and a return on equity of 12.62%. The company posted revenue of $1.02 billion for the quarter, versus analyst estimates of $1.02 billion. During the same period last year, the company posted earnings per share of $1.31. The company’s revenue for the quarter increased by 22.8% compared to the same quarter last year.

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Separately, Zacks Investment Research downgraded G-III Apparel Group from a “strong buy” rating to a “hold” rating and set a price target of $31.00 for the company. in a research note from Wednesday, November 3. One research analyst has assigned the stock a sell rating, three have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $34.67.

NASDAQ:GIII shares were down $0.47 on Friday, hitting $25.24. The company’s shares had a trading volume of 12,789 shares, compared to an average volume of 315,471. G-III Apparel Group has a 52-week low of $24.68 and a 52-week high of 35.80 $. The stock has a market capitalization of $1.23 billion, a P/E ratio of 7.51, a PEG ratio of 0.49 and a beta of 2.81. The stock’s 50-day moving average is $28.69 and its two-hundred-day moving average is $29.41. The company has a debt ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.15.

In related news, the director Laura H. Pomerantz sold 7,600 shares of the company in a transaction dated Wednesday, December 15. The shares were sold at an average price of $26.75, for a total value of $203,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 9.60% of the company’s stock.

A number of large investors have recently increased or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in G-III Apparel Group shares by 424.6% during Q3. First Horizon Advisors Inc. now owns 7,602 shares of the textile maker worth $237,000 after buying an additional 6,153 shares during the period. Parametric Portfolio Associates LLC increased its position in G-III Apparel Group shares by 11.2% during the second quarter. Parametric Portfolio Associates LLC now owns 281,843 shares of the textile maker valued at $9,261,000 after acquiring an additional 28,401 shares during the period. First Trust Advisors LP purchased a new stake in shares of G-III Apparel Group during Q2 for a value of approximately $4,607,000. AQR Capital Management LLC increased its holdings of G-III Apparel Group shares by 44.9% in Q2. AQR Capital Management LLC now owns 39,448 shares of the textile maker worth $1,296,000 after acquiring 12,217 additional shares during the period. Finally, the State Board of Administration of Florida Retirement System increased its stake in G-III Apparel Group by 7.0% in the 2nd quarter. The Florida Retirement System State Board of Directors now owns 19,983 shares of the textile maker valued at $657,000 after buying 1,308 additional shares last quarter. Hedge funds and other institutional investors hold 93.13% of the company’s shares.

G-III Apparel Group Company Profile

G-III Apparel Group Ltd. engages in the design, sourcing and marketing of women’s clothing. The company’s product line includes outerwear, dresses, activewear, swimwear, women’s suits and performance apparel; as well as handbags, shoes, small leather goods, cold weather accessories and luggage. It operates through wholesale and retail segments.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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