G-III Apparel Group, LTD. (GIII) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about G-III Apparel Group, LTD. (NASDAQ:GIII) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. G-III Apparel Group, LTD. earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.2527278124439 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- G-III Apparel Group, LTD. Sees Unusually Large Options Volume (GIII) (americanbankingnews.com)
- G-III Apparel Group, LTD. (GIII) Expected to Announce Quarterly Sales of $1.03 Billion (americanbankingnews.com)
- Head to Head Contrast: G-III Apparel Group, LTD. (GIII) versus Lakeland Industries (LAKE) (americanbankingnews.com)
- Head to Head Survey: Gildan Activewear (GIL) vs. Gen III Oil Corp (GIII) (americanbankingnews.com)
- $24.04 Million in Sales Expected for Golar LNG Limited (GLNG) This Quarter – Gears Of Biz (gearsofbiz.com)
G-III Apparel Group, LTD. (NASDAQ GIII) traded up $0.72 during trading hours on Friday, reaching $25.48. 402,400 shares of the company were exchanged, compared to its average volume of 844,831. G-III Apparel Group, LTD. has a 1 year low of $18.00 and a 1 year high of $32.59. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1,207.25, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.21.
G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The firm had revenue of $538.00 million for the quarter, compared to analyst estimates of $522.45 million. During the same period last year, the firm posted $0.01 EPS. G-III Apparel Group, LTD.’s quarterly revenue was up 21.6% on a year-over-year basis. equities research analysts anticipate that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current year.
GIII has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, September 9th. Telsey Advisory Group raised shares of G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $36.00 in a report on Wednesday, September 6th. FBR & Co reissued a “buy” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a report on Tuesday, September 5th. Piper Jaffray Companies raised shares of G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Wednesday, August 23rd. Finally, ValuEngine raised shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.45.
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In other G-III Apparel Group, LTD. news, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now directly 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 available through the SEC website. Also, Director Alan Feller sold 5,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $29.31, for a total transaction of $146,550.00. Following the sale, the director now owns 20,609 shares in the company, valued at $604,049.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,000 shares of company stock worth $1,682,990. 9.60% of the stock is currently owned by insiders.
About G-III Apparel Group, LTD.
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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