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III Apparel Group, Ltd. (GIII) Updates Q1 Earnings Guidance

III Apparel Group, Ltd. (GIII) Updates Q1 Earnings Guidance”

G-III said sales will reach $2.73 billion for the current fiscal year, short of the $2.9 billion estimate. Median price target value has been calculated at $27. Wunderlich reissued a "buy" rating and issued a $33.00 price objective on shares of G-III Apparel Group in a research report on Sunday, January 8th.

According to Zacks, "G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items".

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For fiscal 2018, G-III Apparel Group is forecasting net sales of approximately 2.73 billion dollars and net income between 40 million and 45 million dollars or between 0.80 dollar and 0.90 dollar per diluted share. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. The stock presently has an average rating of Hold and an average target price of $31.14.

Like many USA apparel makers and retailers, G-III has faced sluggish mall traffic and a consumer shopping shift to the internet. The company had a trading volume of 2,883,846 shares. Vanguard Group Inc is the second biggest holder with 3 million shares now valued at 100.19 million whilst BlackRock Fund Advisors has 3 million shares valued at 84.32 million.

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G-III APPAREL GROUP, LTD. (GIII) has received mean Analyst rating of 2.22 from polled analysts at Reuters 3 Month Ago.

Now the shares of G-III Apparel Group, Ltd. (GIII) has the trading volume of 8.5 Million shares with the average trading volume of 2.16 Million shares. During the same period previous year, the company earned $0.17 EPS. The firm earned $603.30 million during the quarter, compared to analyst estimates of $622.76 million. The business's revenue was up 14.4% compared to the same quarter previous year. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.06. The biggest holder now is Morris Goldfarb who owns 3,773,740 shares (7.76% of those outstanding), whilst Aron Goldfarb holds 927,032 (1.91% of shares outstanding) and Sammy Aaron holds 596,033 (1.23% of shares outstanding). G-III Apparel Group, LTD. (NASDAQ:GIII) has fallen 24.1% over the past 6 months and is downtrending. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and worldwide trademark & copyright laws.

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Relative strength index (RSI-14) for G-III Apparel Group, Ltd. (NASDAQ:GIII) is at 25.26. FMR LLC boosted its position in shares of G-III Apparel Group by 7.8% in the fourth quarter. BlackRock Fund Advisors now owns 2,892,665 shares of the company's stock valued at $84,321,000 after buying an additional 249,440 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of G-III Apparel Group by 18.1% in the third quarter. Perhaps, that suggests something about why 9.22% of the outstanding share supply is held by institutional investors. Bank of New York Mellon Corp raised its position in shares of G-III Apparel Group by 112.2% in the third quarter. The stock was last seen -14.09% lower, reaching at $19.69 on March 27, 2017. Municipal Employees Retirement System of MI boosted its position in G-III Apparel Group by 1.6% in the third quarter. Current price level places the company's stock about -28.8% from the 52-week high and 27.17% away from the 52-week low.

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