G-III Apparel Group (GIII) Receiving Somewhat Favorable Media Coverage, Report Shows

Press coverage about G-III Apparel Group (NASDAQ:GIII) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. G-III Apparel Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.9651397257881 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

GIII traded down $0.20 during trading on Friday, reaching $39.12. The company’s stock had a trading volume of 599,302 shares, compared to its average volume of 628,853. The firm has a market capitalization of $1,907.84, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.27 and a beta of 0.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.76 and a quick ratio of 1.91. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $40.96.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 22nd. The textile maker reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $714.90 million for the quarter, compared to analyst estimates of $707.64 million. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.44%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. equities analysts anticipate that G-III Apparel Group will post 2.04 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the company. Buckingham Research lowered their price objective on G-III Apparel Group from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, March 23rd. ValuEngine upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Telsey Advisory Group lowered their price objective on G-III Apparel Group from $53.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, March 23rd. B. Riley set a $38.00 price objective on G-III Apparel Group and gave the stock a “hold” rating in a report on Friday, March 23rd. Finally, Barclays raised their target price on shares of G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $36.82.

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G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, manufactures, and markets men's and women's apparel. It operates in two segments, Wholesale Operations and Retail Operations. The company's products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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