Equities analysts predict that G-III Apparel Group, Ltd. (NASDAQ:GIII) will announce $709.63 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for G-III Apparel Group’s earnings. The highest sales estimate is $720.00 million and the lowest is $702.70 million. G-III Apparel Group reported sales of $603.29 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The company is expected to report its next earnings results on Monday, March 26th.

On average, analysts expect that G-III Apparel Group will report full-year sales of $709.63 million for the current financial year, with estimates ranging from $2.39 billion to $2.93 billion. For the next financial year, analysts anticipate that the company will report sales of $3.04 billion per share, with estimates ranging from $2.81 billion to $3.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for G-III Apparel Group.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year.

Several brokerages have weighed in on GIII. BidaskClub cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Piper Jaffray Companies set a $33.00 price objective on G-III Apparel Group and gave the stock a “buy” rating in a research note on Thursday, November 30th. B. Riley reissued a “neutral” rating and set a $36.00 price objective on shares of G-III Apparel Group in a research note on Friday, December 22nd. KeyCorp reissued a “buy” rating and set a $45.00 price objective on shares of G-III Apparel Group in a research note on Thursday, January 11th. Finally, Zacks Investment Research raised G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. G-III Apparel Group has an average rating of “Buy” and a consensus target price of $35.45.

In other G-III Apparel Group news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the transaction, the director now owns 48,667 shares in the company, valued at $1,825,499.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total value of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. 9.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Flinton Capital Management LLC boosted its position in shares of G-III Apparel Group by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after buying an additional 1,876 shares during the period. Zions Bancorporation purchased a new position in shares of G-III Apparel Group during the third quarter valued at approximately $151,000. Invictus RG purchased a new position in shares of G-III Apparel Group during the third quarter valued at approximately $185,000. CIBC Asset Management Inc purchased a new position in shares of G-III Apparel Group during the fourth quarter valued at approximately $210,000. Finally, Turner Investments LLC purchased a new position in shares of G-III Apparel Group during the third quarter valued at approximately $218,000.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at $35.98 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $40.96. The firm has a market capitalization of $1,765.93, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24.

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

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