Somewhat Favorable News Coverage Somewhat Unlikely to Affect G-III Apparel Group, LTD. (GIII) Stock Price
Media headlines about G-III Apparel Group, LTD. (NASDAQ:GIII) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. G-III Apparel Group, LTD. earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 46.610488639109 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- V.F. Corp Boosts Workwear Range with Williamson-Dickie Buy (finance.yahoo.com)
- What is Troubling Coach? Will the Remedies Bring Turnaround? (finance.yahoo.com)
- Alan Feller Sells 2,000 Shares of G-III Apparel Group, LTD. (GIII) Stock (americanbankingnews.com)
- G-III Apparel Group, LTD. (GIII) Director Alan Feller Sells 5,000 Shares (americanbankingnews.com)
- G-III Apparel Group, Ltd. : Earnings Review and Free Research Report: G-III Apparel Reported Better Than Expected Results (4-traders.com)
G-III Apparel Group, LTD. (NASDAQ GIII) traded down 0.38% during trading on Thursday, reaching $28.98. The company had a trading volume of 654,509 shares. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $24.69. The company has a market capitalization of $1.41 billion, a PE ratio of 44.04 and a beta of 0.23. G-III Apparel Group, LTD. has a 52-week low of $18.00 and a 52-week high of $32.98.
G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The firm had revenue of $538.00 million for the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. On average, equities research analysts anticipate that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GIII shares. Telsey Advisory Group upped their price objective on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. Cowen and Company upped their price objective on G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. FBR & Co reaffirmed an “outperform” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, July 11th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $28.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.27.
In related news, COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group, LTD. stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now owns 269,531 shares of the company’s stock, valued at approximately $7,967,336.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Feller sold 2,000 shares of G-III Apparel Group, LTD. stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $29.22, for a total transaction of $58,440.00. Following the sale, the director now directly owns 20,609 shares in the company, valued at approximately $602,194.98. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock worth $1,682,990 in the last ninety days. 9.60% of the stock is currently owned by insiders.
About G-III Apparel Group, LTD.
G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
Receive News & Stock Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related stocks with our FREE daily email newsletter.