G-III Apparel Group (NASDAQ:GIII) announced its quarterly earnings data on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03, Briefing.com reports. The business had revenue of $633.60 million for the quarter, compared to the consensus estimate of $650.03 million. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.59%. G-III Apparel Group’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share.
GIII stock traded up $0.85 during midday trading on Friday, reaching $29.42. The stock had a trading volume of 827,855 shares, compared to its average volume of 630,522. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. G-III Apparel Group has a twelve month low of $23.34 and a twelve month high of $50.83. The business’s fifty day moving average price is $28.47. The company has a current ratio of 2.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59.
Several research analysts recently commented on the company. BidaskClub cut G-III Apparel Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Piper Jaffray Companies cut G-III Apparel Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, May 14th. KeyCorp reduced their target price on G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. ValuEngine cut G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, Bank of America cut their price objective on G-III Apparel Group from $43.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.70.
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.
Further Reading: Compound Interest and Why It Matters When Investing
Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.