G-III Apparel Group Ltd. (NASDAQ:GIII) – Investment analysts at Credit Agricole SA issued their Q3 2017 EPS estimates for G-III Apparel Group in a research note issued to investors on Wednesday. Credit Agricole SA analyst R. Patel expects that the firm will post earnings of $1.55 per share for the quarter. Credit Agricole SA currently has a “Outperform” rating and a $34.00 target price on the stock. Credit Agricole SA also issued estimates for G-III Apparel Group’s Q4 2017 earnings at $0.51 EPS, FY2018 earnings at $2.10 EPS and FY2019 earnings at $3.03 EPS.

Other analysts have also issued reports about the company. Brean Capital restated a “buy” rating and issued a $51.00 target price on shares of G-III Apparel Group in a research note on Tuesday, July 26th. Piper Jaffray Cos. reiterated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, June 15th. Zacks Investment Research upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Friday, August 26th. TheStreet cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Telsey Advisory Group decreased their price target on G-III Apparel Group from $45.00 to $37.00 and set a “market perform” rating on the stock in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. G-III Apparel Group has a consensus rating of “Hold” and an average target price of $41.80.

G-III Apparel Group (NASDAQ:GIII) opened at 29.23 on Monday. The stock has a 50 day moving average price of $34.21 and a 200-day moving average price of $41.58. G-III Apparel Group has a one year low of $28.26 and a one year high of $69.26. The firm has a market cap of $1.34 billion, a P/E ratio of 14.21 and a beta of 0.75.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, August 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.21. The company had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. G-III Apparel Group’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.

A number of institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its position in shares of G-III Apparel Group by 13.5% in the second quarter. Macquarie Group Ltd. now owns 434,385 shares of the company’s stock worth $19,860,000 after buying an additional 51,801 shares during the period. Mason Street Advisors LLC bought a new position in shares of G-III Apparel Group during the second quarter worth about $358,000. Royal Bank of Canada boosted its position in shares of G-III Apparel Group by 328.5% in the second quarter. Royal Bank of Canada now owns 806,301 shares of the company’s stock worth $36,864,000 after buying an additional 618,143 shares during the period. Personal Capital Advisors Corp bought a new position in shares of G-III Apparel Group during the second quarter worth about $10,904,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of G-III Apparel Group by 10.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 187,730 shares of the company’s stock worth $8,584,000 after buying an additional 18,392 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

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