Equities research analysts predict that G-III Apparel Group, LTD. (NASDAQ:GIII) will announce sales of $1.03 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for G-III Apparel Group, LTD.’s earnings. G-III Apparel Group, LTD. posted sales of $883.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, December 7th.

On average, analysts expect that G-III Apparel Group, LTD. will report full-year sales of $1.03 billion for the current financial year, with estimates ranging from $2.78 billion to $2.80 billion. For the next year, analysts forecast that the business will report sales of $3.01 billion per share, with estimates ranging from $2.92 billion to $3.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for G-III Apparel Group, LTD..

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.11. The business had revenue of $538.00 million during the quarter, compared to analyst estimates of $522.45 million. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS.

A number of analysts recently weighed in on the company. Cowen and Company set a $30.00 target price on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Thursday, October 12th. Barclays PLC assumed coverage on G-III Apparel Group, LTD. in a research report on Tuesday, September 19th. They issued an “underweight” rating and a $28.00 target price for the company. Zacks Investment Research upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Saturday, September 9th. Buckingham Research restated a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of G-III Apparel Group, LTD. in a research report on Thursday, September 7th. Finally, Stifel Nicolaus boosted their target price on G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. G-III Apparel Group, LTD. presently has a consensus rating of “Buy” and an average price target of $32.91.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate G-III Apparel Group, LTD. (GIII) Will Post Quarterly Sales of $1.03 Billion” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/20/brokerages-anticipate-g-iii-apparel-group-ltd-giii-will-post-quarterly-sales-of-1-03-billion.html.

G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 26.24 on Friday. The company has a 50-day moving average of $28.29 and a 200-day moving average of $25.05. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 39.88 and a beta of 0.23. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $32.98.

In related news, COO Wayne S. Miller sold 50,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at $7,967,336.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Feller sold 2,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $29.22, for a total value of $58,440.00. Following the completion of the sale, the director now directly owns 20,609 shares in the company, valued at $602,194.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,000 shares of company stock valued at $1,682,990. 9.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in G-III Apparel Group, LTD. by 19,882.5% in the first quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock worth $123,528,000 after purchasing an additional 5,614,824 shares during the period. Bank of New York Mellon Corp grew its stake in G-III Apparel Group, LTD. by 74.7% in the second quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock worth $139,077,000 after purchasing an additional 2,383,043 shares during the period. Vanguard Group Inc. grew its stake in G-III Apparel Group, LTD. by 0.6% in the second quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock worth $90,628,000 after purchasing an additional 21,050 shares during the period. Dimensional Fund Advisors LP grew its stake in G-III Apparel Group, LTD. by 45.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock worth $72,478,000 after purchasing an additional 907,701 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its stake in G-III Apparel Group, LTD. by 9.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,933,086 shares of the textile maker’s stock worth $48,231,000 after purchasing an additional 166,857 shares during the period. 99.38% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on G-III Apparel Group, LTD. (GIII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for G-III Apparel Group, LTD. (NASDAQ:GIII)

Receive News & Stock Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related stocks with our FREE daily email newsletter.