G-III Apparel Group, LTD. (GIII) Getting Somewhat Favorable Press Coverage, Report Finds
News headlines about G-III Apparel Group, LTD. (NASDAQ:GIII) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. G-III Apparel Group, LTD. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the textile maker an impact score of 46.2971365193117 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Donna Karan defends Harvey Weinstein, then apologizes (thejakartapost.com)
- Donna Karan faces backlash for her Harvey Weinstein comments (latimes.com)
- G-III Apparel Group, Ltd. (GIII) noted a price change of -3.36% and Tanger Factory Outlet Centers, Inc. (SKT) closes … – Stocks Gallery (stocksgallery.com)
- Donna Karan’s defense of Weinstein could throttle this company’s market value (finance.yahoo.com)
- Are Women ‘Asking for It’? Let’s Watch Donna Karan Dig a Deep Hole (adage.com)
Several research analysts recently issued reports on GIII shares. Buckingham Research reaffirmed a “buy” rating and set a $28.00 target price on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. BidaskClub raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. KeyCorp reaffirmed a “buy” rating and set a $41.00 target price on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. FBR & Co reaffirmed a “buy” rating and set a $33.00 target price on shares of G-III Apparel Group, LTD. in a research report on Tuesday, September 5th. Finally, Zacks Investment Research raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Saturday, September 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. G-III Apparel Group, LTD. currently has an average rating of “Buy” and an average price target of $32.27.
G-III Apparel Group, LTD. (GIII) traded down 4.11% during mid-day trading on Wednesday, reaching $26.61. The company’s stock had a trading volume of 941,483 shares. The firm has a market cap of $1.30 billion, a PE ratio of 40.44 and a beta of 0.23. The stock’s 50 day moving average is $28.35 and its 200 day moving average is $24.86. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $32.98.
G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping the Zacks’ 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 business had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. On average, analysts anticipate that G-III Apparel Group, LTD. will post $1.35 EPS for the current year.
In related news, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $29.56, for a total value of $1,478,000.00. Following the transaction, the chief operating officer now owns 269,531 shares in the company, valued at approximately $7,967,336.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Feller sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $29.22, for a total value of $58,440.00. Following the completion of the transaction, the director now owns 20,609 shares in the company, valued at approximately $602,194.98. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock worth $1,682,990 in the last quarter. Insiders own 9.70% of the company’s stock.
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G-III Apparel Group, LTD. Company Profile
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.
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