G-III Apparel Group Ltd. (NASDAQ:GIII) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.50-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.32, ARN reports. The company issued revenue guidance of $1.73 billion, compared to the consensus revenue estimate of $1.65 billion.
Shares of G-III Apparel Group Ltd. (NASDAQ:GIII) opened at 66.05 on Thursday. G-III Apparel Group Ltd. has a 52 week low of $31.52 and a 52 week high of $66.35. The stock’s 50-day moving average is $57.2 and its 200-day moving average is $51.79. The company has a market cap of $1.347 billion and a P/E ratio of 19.57.
G-III Apparel Group (NASDAQ:GIII) last released its earnings data on Wednesday, December 4th. The company reported $2.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.61 by $0.27. The company had revenue of $668.70 million for the quarter, compared to the consensus estimate of $629.28 million. During the same quarter last year, the company posted $2.37 earnings per share. G-III Apparel Group’s revenue was up 23.0% compared to the same quarter last year. Analysts expect that G-III Apparel Group Ltd. will post $3.29 EPS for the current fiscal year.
A number of analysts have recently weighed in on GIII shares. Analysts at Thomson Reuters/Verus downgraded shares of G-III Apparel Group from a buy rating to a hold rating in a research note to investors on Monday, November 4th. On a related note, analysts at Sidoti downgraded shares of G-III Apparel Group from a buy rating to a neutral rating in a research note to investors on Monday, November 4th. Finally, analysts at Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $58.00 to $60.00 in a research note to investors on Friday, October 4th. They now have a not rated rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. G-III Apparel Group has a consensus rating of Buy and an average target price of $60.50.
G-III Apparel Group, Ltd. (NASDAQ:GIII) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women’s suits and women’s performance wear, as well as luggage and women’s handbags, small leather goods and cold weather accessories.
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