$ 1.01 billion in expected sales for G-III Apparel Group, Ltd. (NASDAQ: GIII) this quarter

Stock analysts predict that G-III Apparel Group, Ltd. (NASDAQ: GIII) will post sales of $ 1.01 billion for the current quarter, according to Zacks. Five analysts provided earnings estimates for G-III Apparel Group, with the lowest sales estimate at $ 996.40 million and the highest estimate at $ 1.05 billion. G-III Apparel Group reported sales of $ 826.56 million in the same quarter last year, suggesting a positive year-over-year growth rate of 22.2%. The company is expected to release its next quarterly earnings report on Tuesday, December 14.

According to Zacks, analysts expect G-III Apparel Group to report annual revenue of $ 2.68 billion for the current fiscal year, with estimates ranging from $ 2.61 billion to $ 2 billion. , $ 70 billion. For next year, analysts predict the company will post sales of $ 2.89 billion, with estimates ranging from $ 2.78 billion to $ 2.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of seller-side analysts who follow G-III Apparel Group.

G-III Apparel Group (NASDAQ: GIII) last released its quarterly earnings data on Wednesday, September 1. The textile maker reported $ 0.39 of EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.10 of $ 0.29. G-III Apparel Group recorded a return on equity of 9.88% and a net margin of 5.23%. The company posted revenue of $ 483.10 million in the quarter, compared to analysts’ estimates of $ 467.04 million. During the same period of the previous year, the company made EPS ($ 0.31). G-III Apparel Group quarterly revenue increased 62.6% year-on-year.

In addition, 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 report on Wednesday. One research analyst rated the stock with a sell rating, four assigned a conservation rating, and two assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group currently has an average “Hold” rating and a consensus price target of $ 32.86.

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In addition, director Laura H. Pomerantz sold 4,850 shares in a transaction that took place on Monday, September 27. The stock was sold for an average price of $ 30.89, for a total value of $ 149,816.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.60% of the company’s shares.

Institutional investors recently changed their holdings of equities. GSA Capital Partners LLP acquired a new position in G-III Apparel Group in the second quarter for a value of approximately $ 1,907,000. Oppenheimer Asset Management Inc. acquired a new position in G-III Apparel Group during the first quarter for a value of $ 243,000. Principal Financial Group Inc. increased its stake in G-III Apparel Group by 1.0% during the first quarter. Principal Financial Group Inc. now owns 345,769 shares of the textile maker valued at $ 10,421,000 after purchasing an additional 3,296 shares in the last quarter. Ameriprise Financial Inc. increased its stake in G-III Apparel Group by 9.8% during the first quarter. Ameriprise Financial Inc. now owns 396,045 shares of the textile maker valued at $ 11,936,000 after purchasing an additional 35,219 shares in the last quarter. Finally, the State Board of Administration of Florida Retirement System increased its stake in G-III Apparel Group by 7.0% during the second quarter. The Florida State Pension System Board now owns 19,983 shares of the textile maker valued at $ 657,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors hold 91.76% of the shares of the company.

NASDAQ: GIII opened at $ 30.48 on Thursday. G-III Apparel Group has a 12-month low of $ 13.36 and a 12-month high of $ 35.80. The stock has a 50-day moving average of $ 29.31 and a two-hundred-day moving average of $ 30.83. The company has a current ratio of 3.01, a quick ratio of 1.98 and a debt ratio of 0.37. The company has a market cap of $ 1.48 billion, a P / E ratio of 12.14 and a beta of 2.86.

About the G-III clothing group

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

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History and earnings estimates for G-III Apparel Group (NASDAQ: GIII)

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