G-III Apparel Group (NASDAQ:GIII) released its quarterly earnings results on Wednesday. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03, Briefing.com reports. The business had revenue of $633.60 million during the quarter, compared to the consensus estimate of $650.03 million. G-III Apparel Group had a return on equity of 12.74% and a net margin of 4.49%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS.
Shares of NASDAQ:GIII opened at $24.51 on Thursday. The company has a market cap of $1.32 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.67 and a beta of 1.37. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. G-III Apparel Group has a 12-month low of $23.99 and a 12-month high of $50.83.
A number of equities research analysts have issued reports on the company. ValuEngine downgraded G-III Apparel Group from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. BidaskClub downgraded G-III Apparel Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Zacks Investment Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Telsey Advisory Group cut their price target on G-III Apparel Group from $47.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.36.
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About G-III Apparel Group
G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.
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