The director of G-III Apparel Group, Ltd. (NASDAQ: GIII) Laura H. Pomerantz sold 4,850 shares of the company in a transaction dated Monday, September 27. The stock was sold for an average price of $ 30.89, for a total trade of $ 149,816.50. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website.
NASDAQ: GIII traded down $ 0.36 at midday Tuesday, hitting $ 30.48. 277,158 shares of the company were traded in the hands, compared to its average volume of 448,120. G-III Apparel Group, Ltd. has a twelve-month low of $ 13.01 and a twelve-month high of $ 35.80. The company has a debt to equity ratio of 0.37, a quick ratio of 1.98, and a current ratio of 3.01. The company has a market cap of $ 1.48 billion, a P / E ratio of 12.16, a P / E / G ratio of 0.80 and a beta of 3.00. The company has a fifty-day moving average of $ 29.99 and a 200-day moving average of $ 31.29.
G-III Apparel Group (NASDAQ: GIII) last released its results on Wednesday, September 1. The textile maker reported earnings per share (EPS) of $ 0.39 for the quarter, beating Zacks’ consensus estimate of $ 0.10 by $ 0.29. The company posted revenue of $ 483.10 million for the quarter, compared to $ 467.04 million expected by analysts. G-III Apparel Group had a net margin of 5.23% and a return on equity of 9.88%. G-III Apparel Group revenue increased 62.6% year-over-year. In the same quarter of last year, the company posted ($ 0.31) earnings per share. On average, research analysts expect G-III Apparel Group, Ltd. posts earnings per share of 3.18 for the current year.
Several large investors have recently changed their holdings of equities. Public Employees Retirement System of Ohio increased its stake in G-III Apparel Group by 3.7% in the first quarter. The Ohio State Employee Retirement System now owns 9,444 shares of the textile maker worth $ 285,000 after buying 339 more shares in the last quarter. Mutual of America Capital Management LLC increased its stake in G-III Apparel Group shares by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 6,189 shares of the textile maker valued at $ 203,000 after purchasing 377 additional shares in the last quarter. PNC Financial Services Group Inc. increased its holdings of G-III Apparel Group shares by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the textile maker valued at $ 509,000 after purchasing 442 additional shares in the last quarter. PDT Partners LLC strengthened its position in G-III Apparel Group by 7.0% during the 2nd quarter. PDT Partners LLC now owns 7,169 shares of the textile maker valued at $ 236,000 after purchasing an additional 469 shares during the period. Finally, Verity Asset Management Inc. increased its stake in G-III Apparel Group shares by 2.9% during the second quarter. Verity Asset Management Inc. now owns 21,244 shares of the textile maker valued at $ 698,000 after purchasing an additional 593 shares in the last quarter. 92.26% of the shares are currently held by institutional investors.
GIII has been the subject of several research analyst reports. Zacks Investment Research downgraded G-III Apparel Group shares from a “custody” rating to a “strong buy” rating and set a price target of $ 34.00 for the company in a rating of looking for monday september 6. B. Riley increased his price target on G-III Apparel Group from $ 39.00 to $ 41.00 and gave the company a “buy” rating in a research note on Tuesday, June 8. Barclays raised its price target on G-III Apparel Group from $ 27.00 to $ 30.00 and gave the company an “underweight” rating in a research report published on Tuesday, June 8. Finally, Telsey Advisory Group increased its price target on G-III Apparel Group from $ 33.00 to $ 38.00 and gave the company a “market performance” rating in a research note on Tuesday, June 8. . One equity research analyst gave the stock a sell rating, three assigned a conservation rating, two assigned a buy rating, and one gave the company’s stock a high buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $ 33.29.
About the G-III clothing group
G-III Apparel Group Ltd. deals with the design, sourcing and marketing of women’s clothing. The company’s product line includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear; as well as handbags, shoes, small leather goods, cold weather accessories and luggage. It operates through the wholesale and retail segments.
Read more: What is the Euro STOXX 50 index?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in G-III Apparel Group now?
Before you consider G-III Apparel Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of … and G-III Apparel Group was not on the list.
While G-III Apparel Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here