Trading Report: Today, G-III Apparel Group Ltd. (GIII) to Release Earnings on Thursday

Today, G-III Apparel Group Ltd. (GIII) to Release Earnings on Thursday

G-III Apparel Group Ltd. (NASDAQ:GIII) is scheduled to announce its Q317 earnings results on Thursday, December 1st. Analysts expect the company to announce earnings of $1.54 per share and revenue of $937.56 million for the quarter.

G-III Apparel Group Ltd. (NASDAQ:GIII) opened at 28.86 on Tuesday. The firm’s 50-day moving average is $28.20 and its 200-day moving average is $36.58. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 14.03 and a beta of 0.55. G-III Apparel Group Ltd. has a 52 week low of $25.56 and a 52 week high of $55.89.

Several research analysts have recently commented on the stock. Brean Capital reissued a “buy” rating and issued a $41.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 1st. Piper Jaffray Cos. reissued a “hold” rating and issued a $31.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 22nd. Zacks Investment Research lowered shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a research note on Monday, November 21st. Stifel Nicolaus raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating and set a $28.00 price objective for the company in a research note on Tuesday, November 8th. Finally, Standpoint Research upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. G-III Apparel Group presently has an average rating of “Hold” and a consensus target price of $41.80.

Several institutional investors have recently made changes to their positions in GIII. BlackRock Investment Management LLC boosted its position in shares of G-III Apparel Group by 19.4% in the second quarter. BlackRock Investment Management LLC now owns 196,265 shares of the company’s stock worth $8,973,000 after buying an additional 31,893 shares during the last quarter. BlackRock Inc. boosted its position in shares of G-III Apparel Group by 36.2% in the second quarter. BlackRock Inc. now owns 25,244 shares of the company’s stock worth $1,154,000 after buying an additional 6,716 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of G-III Apparel Group by 5.4% in the second quarter. BlackRock Fund Advisors now owns 2,643,225 shares of the company’s stock worth $120,848,000 after buying an additional 134,844 shares during the last quarter. BlackRock Group LTD boosted its position in shares of G-III Apparel Group by 25.1% in the second quarter. BlackRock Group LTD now owns 100,399 shares of the company’s stock worth $4,590,000 after buying an additional 20,134 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of G-III Apparel Group by 190.5% in the second quarter. US Bancorp DE now owns 43,573 shares of the company’s stock worth $1,991,000 after buying an additional 28,574 shares during the last quarter.

About G-III Apparel Group

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