G-III Apparel Group (NASDAQ:GIII) released its quarterly earnings data on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03, Briefing.com reports. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.59%. The business had revenue of $633.60 million during the quarter, compared to analyst estimates of $650.03 million. During the same quarter in the previous year, the business earned $0.22 EPS. G-III Apparel Group’s quarterly revenue was up 3.6% compared to the same quarter last year.
G-III Apparel Group stock traded up $0.85 on Friday, reaching $29.42. 827,855 shares of the stock were exchanged, compared to its average volume of 630,522. The firm has a market cap of $1.39 billion, a PE ratio of 10.29, a PEG ratio of 0.81 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 2.17. G-III Apparel Group has a twelve month low of $23.34 and a twelve month high of $50.83. The company’s fifty day moving average is $28.65.
Several research firms recently issued reports on GIII. BidaskClub raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Needham & Company LLC set a $47.00 price objective on shares of G-III Apparel Group and gave the company a “buy” rating in a research note on Thursday, June 6th. TheStreet lowered shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. KeyCorp reduced their price objective on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, Bank of America cut their target price on shares of G-III Apparel Group from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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: Beta
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