III Apparel Group, Ltd. (GIII) Updates Q1 Earnings Guidance
- Author: Zachary Reyes Mar 28, 2017,
Mar 28, 2017, 15:52
(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 US department store for sales of DKNY women's apparel and accessories. Piper Jaffray Companies set a $31.00 target price on G-III Apparel Group and gave the company a "hold" rating in a report on Monday, November 28th.
Another critical number in evaluating a stock is P/E or Price to Earnings Ratio. The business's revenue for the quarter was up 14.4% compared to the same quarter past year. The firm's 50-day moving average is $24.90 and its 200 day moving average is $27.76. Brean Capital reaffirmed a buy rating and set a $39.00 target price (down from $41.00) on shares of G-III Apparel Group in a research note on Tuesday, December 6th.
Yet another important factor while evaluating a good buy/sell decision for G-III Apparel Group, Ltd. (GIII) is its Earnings per Share or EPS. Wunderlich reiterated a buy rating and set a $33.00 price target on shares of G-III Apparel Group in a research report on Sunday, January 8th.
Total shares held by institutions as of the most recent company filings are 49,231,934 with a reported 7,595,553 bought and 5,126,513 sold. G-III Apparel Group presently has an average rating of "Hold" and a consensus price target of $31.14.
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G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Monday, March 27th. Profit Investment Management LLC now owns 63,557 shares of the company's stock valued at $1,853,000 after buying an additional 6,684 shares in the last quarter. During the same quarter in the prior year, the company posted $0.17 earnings per share.
In the trailing 12 months period, return on assets ratio of the Company was 6.40% and return on equity ratio was 8.70% while its return on investment ratio was 13.50%.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Macy's and G-III will work closely on brand extensions and exclusive products that build upon the founding principles of the iconic New York-based brand.
The company anticipates that it will incur losses from the Donna Karan operations during the first half of fiscal 2018 that will be partially offset by growth in operating profitability beginning in the third quarter as the Company begins shipments and re-launches DKNY and Donna Karan products.