G-III Apparel Group (NASDAQ:GIII – Get Rating) posted its quarterly earnings data on Thursday. The textile maker reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05), Briefing.com reports. G-III Apparel Group had a net margin of 5.66% and a return on equity of 10.70%. The firm had revenue of $854.20 million during the quarter, compared to analyst estimates of $769.28 million. During the same period in the previous year, the company posted $0.98 earnings per share. G-III Apparel Group’s revenue was up 14.2% compared to the same quarter last year.
G-III Apparel Group Price Performance
Shares of NASDAQ GIII opened at $15.03 on Friday. The company has a current ratio of 3.09, a quick ratio of 1.68 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $15.97 and its 200 day moving average price is $16.59. G-III Apparel Group has a 52 week low of $11.60 and a 52 week high of $31.70. The stock has a market cap of $713.76 million, a price-to-earnings ratio of 4.18, a PEG ratio of 0.31 and a beta of 2.65.
Analysts Set New Price Targets
Several brokerages recently weighed in on GIII. Telsey Advisory Group reaffirmed a “market perform” rating and set a $14.00 price target on shares of G-III Apparel Group in a report on Monday, March 13th. Barclays increased their price target on G-III Apparel Group from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Friday. Piper Sandler decreased their price target on G-III Apparel Group from $22.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 21st. StockNews.com began coverage on G-III Apparel Group in a report on Thursday. They set a “sell” rating for the company. Finally, UBS Group decreased their price target on G-III Apparel Group from $22.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, December 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.38.
Hedge Funds Weigh In On G-III Apparel Group
About G-III Apparel Group
G-III Apparel Group Ltd. engages in the designing, sourcing, and marketing of women’s apparel. The firm’s product range includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear, as well as handbags, footwear, small leather goods, cold weather accessories, and luggage. It operates through the Wholesale and Retail segments.
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