III Apparel Group, Ltd. (GIII) Trading Down 3.3% After Earnings Miss

A woman posing in front of New York skyscrapers in a DKNY advertisement
Image source DKNY G-II Apparel
Author

29 March, 2017

The company's quick ratio for most recent quarter is 1.50.

Other equities analysts have also issued reports about the stock.

The company's share price is down -163.13% from previous highs of around $51.81 per share on July 18, 2016. There is no concrete way to calculate a price target. Wunderlich reaffirmed a "buy" rating and set a $33.00 target price on shares of G-III Apparel Group in a research report on Sunday, January 8th. Now the P/E of G-III Apparel Group, Ltd. (GIII) stands at 11.55. Brean Capital reiterated a buy rating and issued a $39.00 target price (down from $41.00) on shares of G-III Apparel Group in a report on Tuesday, December 6th. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. The median target of analyst views collected by Yahoo Finance was as much as $7.31 below GIII's recent stock price. G-III Apparel Group had a net margin of 3.46% and a return on equity of 9.13%.

Over the past five trading sessions shares of Glu Mobile Inc. Suntrust Banks Inc. now owns 9,487 shares of the company's stock worth $276,000 after buying an additional 1,627 shares during the last quarter. (NYSE:M), one of the nation's premier retailers, and G-III Apparel Group, Ltd., a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands, today announced an agreement under which Macy's will serve, beginning February 2018, as the exclusive USA department store for sales of DKNY women's apparel and accessories.

G-III Apparel Group (NASDAQ:GIII) opened at 22.92 on Monday. The firm had revenue of $603.30 million for the quarter, compared to analyst estimates of $622.76 million.

More news: Starbucks in hiring spree fueled by continuing store expansion

Stifel Upgrade its coverage for G-III Apparel Group, Ltd. (NASDAQ:GIII) in a note sent to investors on 8-Nov-16. The business's revenue was up 14.4% compared to the same quarter previous year. Earnings per share for the full fiscal year was $1.12, less than half of what it was in fiscal 2015. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Sell-side analyst recommendations point to a short term price target of $2.66 on the company shares. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & worldwide copyright & trademark laws.

Relative strength index (RSI-14) for G-III Apparel Group, Ltd. (NASDAQ:GIII) is at 25.26.

Several other equities analysts also recently issued reports on GIII. Finally, SG Americas Securities LLC bought a new position in G-III Apparel Group during the third quarter worth $338,000. FMR LLC now owns 6,842,518 shares of the company's stock worth $202,264,000 after buying an additional 494,490 shares during the period. Nationwide Fund Advisors raised its position in G-III Apparel Group by 5.9% in the third quarter. Genesee Valley Trust Co. purchased a new position in G-III Apparel Group during the third quarter valued at approximately $210,000. The current share price indicate that stock is -62.00% away from its one year high and is moving -7.56% ahead of its 52-week low. Finally, WS Management Lllp raised its position in shares of G-III Apparel Group by 198.7% in the fourth quarter.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. Dismal performance of the company's retail businesses continues to mar the overall results.


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