Brokers Set Expectations for G-III Apparel Group, LTD.’s Q4 2018 Earnings (GIII)

G-III Apparel Group, LTD. (NASDAQ:GIII) – Equities researchers at KeyCorp boosted their Q4 2018 earnings estimates for shares of G-III Apparel Group, LTD. in a note issued to investors on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.02. KeyCorp has a “Buy” rating and a $41.00 price target on the stock. KeyCorp also issued estimates for G-III Apparel Group, LTD.’s Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $1.50 EPS and Q4 2019 earnings at $0.19 EPS.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, beating 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 company had revenue of $538.00 million during the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue was up 21.6% compared to the same quarter last year.

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A number of other research firms also recently weighed in on GIII. Stifel Nicolaus boosted their target price on G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Buckingham Research restated a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of G-III Apparel Group, LTD. in a research report on Thursday, September 7th. Zacks Investment Research upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Saturday. ValuEngine raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, FBR & Co reaffirmed a “buy” rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. G-III Apparel Group, LTD. presently has a consensus rating of “Buy” and a consensus target price of $32.82.

G-III Apparel Group, LTD. (GIII) traded up 2.37% on Monday, hitting $29.82. The stock had a trading volume of 469,093 shares. The company has a 50-day moving average price of $26.55 and a 200-day moving average price of $24.21. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 45.32 and a beta of 0.26. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. Teachers Advisors LLC boosted its position in shares of G-III Apparel Group, LTD. by 2.3% during the fourth quarter. Teachers Advisors LLC now owns 70,897 shares of the textile maker’s stock valued at $2,096,000 after purchasing an additional 1,623 shares in the last quarter. Bank of Montreal Can boosted its position in shares of G-III Apparel Group, LTD. by 1,058.4% during the first quarter. Bank of Montreal Can now owns 18,731 shares of the textile maker’s stock valued at $410,000 after purchasing an additional 17,114 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of G-III Apparel Group, LTD. by 3.6% during the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 579 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of G-III Apparel Group, LTD. by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock valued at $390,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of G-III Apparel Group, LTD. by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

About G-III Apparel Group, LTD.

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.

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

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